Tuksu Engineering & Construction,Ltd. (KOSDAQ:A026150) agreed to acquire 92.857143% stake in Halla Industrial Co., Ltd. from Jaehyung Lee, Sawon Ko and others for KRW 13.2 billion on November 9, 2023. The consideration consists of KRW 13.2 billion in cash. As part of the consideration, KRW 13.2 billion was paid towards common equity.

Halla Industrial reported total assets of KRW 4.6 billion, total debt of KRW 368 million, total capital of KRW 4.2 billion, revenues of KRW 5.9 billion and net income of KRW 2.5 billion for the year ending 2022. The acquisition is expected to complete on February 20, 2027. As of February 20, 2024, Tuksu Engineering has acquired 55,550 shares of Halla Industrial rest of the shares will be acquired on February 20, 2027.