AJUSTEEL Co.,Ltd (KOSE:A139990) agreed to acquire remaining 12.7% stake in AJU MCM Tec. Co., Ltd. for KRW 630 million on June 14, 2024. The consideration will be paid at an exchange ratio of 0.0305776.

The expected agreement signing date is June 24, 2024, and completion of the transaction is August 26, 2024.