Samsung SDS Co., Ltd. (KOSE:A018260) agreed to acquire an additional 52.17% stake in SECUi Corp. from S-1 Corporation (KOSE:A012750) for KRW 97 billion on September 7, 2015. Samsung SDS will acquire 6 million shares of SECUi Corp. After the transaction, Samsung SDS will hold 6.5 million shares of SECUi Corp. SECUi Corp. reported total assets of KRW 113.83 billion, total liabilities of KRW 25.49 billion, sales of KRW 94.1 billion and net profit of KRW 14.33 billion in 2014. The Board of directors passed a resolution for the transaction on September 7, 2015. The transaction is expected to close on September 8, 2015. Ernst & Young, Korea acted as accountant for S-1 Corporation.

Samsung SDS Co., Ltd. (KOSE:A018260) completed the acquisition of an additional 52.17% stake in SECUi Corp. from S-1 Corporation (KOSE:A012750) on September 8, 2015.