Wonik QnC Corporation (KOSDAQ:A074600) agreed to acquire CoorsTek Nagasaki Corporation for approximately KRW 230 billion on June 6, 2022. Wonik QnC Corporation will acquire 0.019 million shares in CoorsTek Nagasaki Corporation. As per the financials reported CoorsTek Nagasaki had a revenue of KRW 58.7 billion, total assets of KRW 41.2 billion, net income of KRW 15 billion and total common equity of KRW 25.1 billion.

The transaction is expected to close on October 1, 2022. As on September 30, 2022. Transaction is expected to be completed on December 31, 2022.

Kazuyoshi Furusumi, Jiro Abe and Peter G. Armstrong of Nishimura & Asahi acted as legal advisor to CoorsTek. As on October 18, 2022, The Competition and Consumer Commission of Singapore as approved the transaction.