Protean Energy Limited (ASX:POW) entered into an agreement to acquire additional 10% stake in KORID Energy Ltd from DST Co., Ltd. (KOSDAQ:A033430) for AUD 0.75 million on October 17, 2018. Protean will own 60% stake in KORID after the deal and it will also have the right to appoint the Chairman and Managing Director of KORID. Protean Energy Limited (ASX:POW) cancelled the acquisition of an additional 10% stake in KORID Energy Ltd from DST Co., Ltd. (KOSDAQ:A033430) on January 30, 2019.