DA Technology Co., Ltd agree to acquire 52.44249% stake in Bog International Co., Ltd from KUKBO Logistics Co., Ltd. (KOSE:A001140) for KRW 7.2 billion on March 10, 2023. Under the terms of the transaction, DA Technology will acquire approximately 1 million shares of Bog International and consideration will be paid in cash wherein initial consideration of KRW 1.3 billion will be paid at the announcement and the remaining balance of KRW 11.7 billion will be paid at closing. Post completion it will hold a 94.7% stake whereas KUKBO Logistics Co., Ltd will not hold any stake in Bog International.

The Scheduled transfer date is March 24, 2023. As of March 24, 2023. The transaction is expected to complete on April 7, 2023.

As on April 7, 2023, The transaction is expected to complete on April 19, 2023. As on April 19, 2023, The transaction is expected to complete on April 26, 2023. As of April 26, 2023, the transaction is expected to close on June 9, 2023.