Sewon Co., Ltd. (XKON:A234100) agreed to acquire 54.8% stake in Alux Co., Ltd. from True Invest Fund for KRW 4.6 billion on June 15, 2018. A total of 0.3 million shares will be acquired as part of the deal. Board of Sewon resolved in favor of the deal on June 15, 2018. Deal is expected to close on June 15, 2018. Songkang Accounting Corporation acted as external rating institution in the deal.