Plasma, LP conclude a stock purchase contract to acquire 54.07% stake in PI Advanced Materials Co., Ltd. (KOSE:A178920) from Korea PI Holdings Co., Ltd for KRW 1.3 trillion on June 7, 2022. As part of the transaction, Plasma will acquire 15,877,400 common stocks of PI Advanced. The transaction is resolved by the board of Korea PI Holdings and expected to complete on September 30, 2022. As of December 28, 2022, Chinese offering authority has approved the acquisition. As of September 29, 2022, transaction is expected to close on December 30, 2022. As of December 29, 2022, transaction is expected to close on January 18, 2023. As of January 18, 2023, the transaction is expected to close in March, 2023.

Plasma, LP cancelled the acquisition of 54.07% stake in PI Advanced Materials Co., Ltd. (KOSE:A178920) from Korea PI Holdings Co., Ltd on February 17, 2023.