NS Co., Ltd (KOSDAQ:A217820) agreed to acquire the remaining 61.98% stake in Wonik Pne Co., Ltd for approximately KRW 190 billion on August 22, 2022. Wonik Pne Co., Ltd will issue 2.4508392 shares for every 1 share of NS Co., Ltd. The transaction has been approved by the shareholders of both Wonik Pne Co., Ltd and NS Co., Ltd. The transaction is expected to close on November 8, 2022. After the merger, the name of the surviving entity will be changed to Wonik PNE Co., Ltd.

NS Co., Ltd (KOSDAQ:A217820) completed the acquisition of remaining 61.98% stake in Wonik Pne Co., Ltd on November 8, 2022.