Samdasoo Co., Ltd. and Double S PEF 1 signed a contract to acquire 24.8% stake in Jeil Steel Mfg Co., Ltd. (KOSDAQ:A023440) from Jun-seok Choi, Ji-ho Choi and Won-hong Choi for KRW 18.6 billion on January 12, 2021. Under the terms of the deal, Samdasoo Co. will acquire 6.6 million shares and Double S PEF 1 will acquire 0.8 million shares at an offer per share of KRW 2500. Samdasoo Co. has paid KRW 1.66 billion and Double S PEF 1 has paid KRW 200 million as down payment on January 12, 2021. The balance will paid on February 17, 2021 when the stock subject to transfer will be delivered. As of Feburaray 17, 2021, Samdasoo Co., Ltd. and Double S PEF 1 agreed to acquire 23.13% stake in Jeil Steel Mfg Co., Ltd. from Jun-seok Choi, Ji-ho Choi and Won-hong Choi for KRW 17.3 billion. Pursuant to the terms, Samdasoo Co. will acquire 6.14 million shares and Double S PEF 1 will acquire 0.8 million shares at an offer per share of KRW 2500. The transaction is expected to complete on March 9, 2021. Samdasoo Co., Ltd. and Double S PEF 1 completed the acquisition of 23.1% stake in Jeil Steel Mfg Co., Ltd. (KOSDAQ:A023440) from Jun-seok Choi, Ji-ho Choi and Won-hong Choi on March 10, 2021.