SK E&S Co., Ltd. made a tender offer to acquire an additional 23.6% stake in Busan City Gas. Co. Ltd. (KOSE:A015350) for approximately KRW 220 billion on September 15, 2021. SK E&S Co., Ltd. will acquire 2.6 million shares at KRW 85,000 per share. If the intended tender offer is fully subscribed by the shareholders of Busan City Gas. Co. Ltd., stake of SK E&S Co., Ltd. in Busan City Gas. Co. Ltd., would increase from 67.32% to 90.92%. SK E&S plans to delist Busan City Gas after stake acquisition. The purchase will be made until October 15, 2021.