Daesung Celtic Co., Ltd. agreed to acquire energy system business division from Daesung Energy Co., Ltd. (KOSE:A117580) for KRW 17.2 billion on November 6, 2015. The transaction is expected to complete on November 23, 2015. As on November 25, 2015, Daesung Celtic Co., Ltd. agreed to acquire energy system business division from Daesung Energy Co., Ltd. for KRW 15.2 billion.

As on November 25, 2015, the expected closing date was extended to December 1, 2015. As per the amended terms of the transaction, Daesung Celtic will now pay KRW 12.6 billion to acquire energy system business division from Daesung Energy.