SUNIC SYSTEM Co., Ltd. (KOSDAQ:A171090) and Dong A Eltek Co., Ltd. (KOSDAQ:A088130) won as preferred bidders to acquire an unknown stake in Woojin Electric Machinery Co., Ltd. on August 25, 2020. The transaction was expected to close on September 7, 2020. As per revised schedule, the deadline for the completion of the transaction is scheduled to September 29, 2020.

On September 29, 2020, the deadline for conclusion of sales contract is extended until October 12, 2020 due to the circumstances of the seller. As of October 12, 2020, the deadline for signing of the contract extended until October 14, 2020. As on October 16, 2020, preferred negotiation period for the acquisition is ended by the consortium of Dong A Eltek Co., Ltd. and SUNIC SYSTEM Co., Ltd. selected by the seller on August 25, 2020.