DS Holdings Co., Ltd., Korea Display Co., Ltd., Troy Union, GY Invest Co., Ltd, Moonwoo Co., Ltd. and Ga-won Kim signed a contract to acquire a 44.6% stake in Willings Co., Ltd. (KOSDAQ:A313760) from Kang-soon Ahn and Mi-ran Yoon for KRW 45.5 billion on December 27, 2021. Under the terms of transaction, 2.2 million shares will be acquired at KRW 21,000 per share. As per the revised update on March 4, 2022, 1.4 million share will be acquired, representing 28.14% for KRW 28.7 billion.

The deal is expected to be completed by January 25, 2022. The transaction is expected to close on March 28, 2022. and payment will be made on March 22, 2022.