Korea Corporate Investment Holdings Co., Ltd. made an offer to acquire 43.43% stake in Young Poong Precision Corporation (KOSDAQ:A036560) for approximately KRW 210 billion on September 12, 2024. As of October 4, 2024, the offer price has been revised to KRW 30,000 from KRW 25, 000. The transaction will be funded from KRW 41.3 million from equity fund and KRW 165.1 million from borrowings. The expected completion of the transaction is October 4, 2024. The expected completion of the transaction has been extended to October 17, 2024.

Korea Corporate Investment Holdings Co., Ltd. completed the acquisition of 0.01% stake in Young Poong Precision Corporation (KOSDAQ:A036560) for approximately KRW 25 million on October 14, 2024. On completion, the Offeror's holdings of shares after the tender offer totally to 899,660 shares, representing 5.71% stake in the paid up share capital of Young Poong Precision Corporation.