Powerlogics Co., Ltd. (KOSDAQ:A047310) agreed to acquire Top Intercube Electronics Vina Co., Ltd (Vietnam) from TOP Intercube Co., Ltd. for KRW 12.6 billion on July 19, 2019. The consideration will be paid in cash. The transaction has been resolved by the Board of Directors of Top Intercube Electronics Vina on July 19, 2019. The transaction is expected to be completed by July 30, 2019. As of July 25, 2019, the transaction is expected to close on July 25, 2019.