MS Autotech Co., Ltd. (KOSE:A123040) agreed to acquire an additional 0.1% stake in Myoung Shin Fabricante De Carroceria Aytomotiva Ltda. for KRW 14.9 billion on September 17, 2013. Pursuant to the transaction, MS Autotech will own 99.7% stake in Myoung Shin Fabricante De Carroceria Aytomotiva. The Board of Directors of MS Autotech resolved to undertake the transaction on September 17, 2013 and the transaction is expected to close on September 17, 2013.

MS Autotech Co., Ltd. (KOSE:A123040) cancelled the acquisition of an additional 0.1% stake in Myoung Shin Fabricante De Carroceria Aytomotiva Ltda. on September 17, 2014.