An unknown buyer agreed to acquire 23.24% stake in Youngbo Engineering Inc. from Power Logics Co. Ltd. (KOSE:A047310) for KRW 9.4 billion on June 11, 2013. Power Logics will dispose 0.066 million shares of Youngbo Engineering. Youngbo Engineering Inc. recorded KRW 184.48 billion of sales, KRW 3.27 billion of net income, KRW 88.5 billion of total assets and KRW 24.57 billion of total common equity for the year ended December 31, 2012. The Board of Power Logics passed a resolution for the transaction on June 11, 2013. The transaction is expected to complete on June 17, 2013.

An unknown buyer cancelled the acquistion of 23.24% stake in Youngbo Engineering Inc. from Power Logics Co. Ltd. (KOSE:A047310) on June 11, 2014.