SK Gas Co., Ltd. (KOSE:A018670) agreed to acquire additional 34% stake in Dangjin Eco Power Corp. from Korea East-West Power Co.,Ltd. for KRW 29.1 billion on October 18, 2019. As per terms, SK Gas Co., Ltd. will acquire additional 8.1 million shares in cash. Currently Korea East-West Power Co.,Ltd. holds 34% in Dangjin Eco Power Corp. Post completion SK Gas Co., Ltd. will hold 20.2 million shares representing 85% stake. Dangjin Eco Power Corp. reported total assets of KRW 51.1 billion, net assets of KRW 50.9 billion and net loss of KRW 111.8 billion. The Board of SK Gas Co., Ltd. resolved the deal on October 18, 2019. The deal is subject to approval from related agencies. The transaction will close within 60 days after the approval of the related agencies. SK Gas Co., Ltd. (KOSE:A018670) cancelled the acquisition of additional 34% stake in Dangjin Eco Power Corp. from Korea East-West Power Co.,Ltd. on October 18, 2020.