Wonik Ips Co., Ltd (KOSDAQ:A240810) signed a binding memorandum of understanding to acquire parts of the display equipment business of SEMES Co. Ltd. for KRW 82 billion on August 31, 2020. Wonik Ips also aims to buy Personnel associated with the business. The consideration is subject to change. Wonik Ips Co., Ltd (KOSDAQ:A240810) cancelled the acquisition of parts of the display equipment business of SEMES Co. Ltd. on March 19, 2021. Ernst & Young, Korea, Financial Advisory Arm acted as financial advisor to SEMES.