Ilji Technology Co., Ltd. (KOSDAQ:A019540) agreed to acquire CKD Business Division from Shin Young Co., Ltd for KRW 30 billion on April 19, 2023. Consideration will be paid in cash wherein Initial payment of KRW 15 billion at time of agreement and remaining KRW 15 billion on closing. Transaction will be funded from owns funds.

For Year ended December 31, 2022, CKD Business had total revenue of KRW 104 billion. Ilji Technology expect to scheduled date of shareholders' meeting on May 31, 2023. Transaction is expected to close on June 1, 2023.