VITZROCELL Co., Ltd. (KOSDAQ:A082920) agreed to acquire Power Fulx Co., Ltd. (XKON:A266870) for KRW 640 million on November 27, 2020. Under the terms of the transaction, VITZROCELL Co., Ltd. will acquire 11,200 shares in Power Fulx Co., Ltd. VITZROCELL Co., Ltd. will pay KRW 448 million on the contract date and remaining KRW 192 million at the time of the closing. The transaction is resolved by the Board of VITZROCELL Co., Ltd. The transaction is expected to close on December 31, 2020.