PNE Solution Co., Ltd. (KOSDAQ:A131390) agreed to acquire 35% stake in Wise Works Co., Ltd. for KRW 1.8 billion on November 15, 2016. PNE Solution will acquire 0.14 million shares of Wise Works. KRW 300 million has been paid on November 15, 2016 and balance will be paid on November 30, 2016. Wise Works reported total assets of KRW 1.4 billion, sales of KRW 1.7 billion and net profit of KRW 116 million. Board of Directors of PNE Solution passed resolution for the transaction on November 15, 2016. The transaction will close on November 30, 2016.