INSUN Environmental New Technology Co., Ltd. (KOSDAQ:A060150) agreed to acquire Pajubnr for KRW 23 billion on September 14, 2020. As part of the transaction INSUN Environmental New Technology Co., Ltd. will acquire 0.1 million shares of Pajubnr. The consideration will be paid in cash after meeting the prerequisites. The transaction is funded through paid in capital increase and own funds. For the year ended December 31, 2019, Pajubnr reported total assets of KRW 15.1 billion, total equity of KRW 10.5 billion, sales of KRW 11.4 billion and net income of KRW 837 million. Board of directors of INSUN Environmental New Technology Co., Ltd. resolved the transaction and scheduled transfer date is October 30, 2020. As on October 12, 2020, the deal is expected to close on October 15, 2020. INSUN Environmental New Technology Co., Ltd. (KOSDAQ:A060150) completed the acquisition of Pajubnr on October 15, 2020.