Soosan Heavy Industries Co., Ltd. (KOSE:A017550) agreed to acquire an unknown minority stake in Soosan Vina Motor Co.,Ltd for approximately KRW 15 billion on November 25, 2022. Soosan Vina Motor has reported total assets of KRW 17.32 billion, Total stockholders' equity of KRW 14.65 billion, revenues of KRW 26.84 billion and net profit of KRW 2.39 billion on December 31, 2021. The resolution date of board of directors is November 25, 2022.

The transaction is expected to complete on December 29, 2022.