Sukwon Industrial Co., Ltd. signed a memorandum of understanding to acquire PonuTech Co., Ltd. from Posco ICT Company Ltd. (KOSDAQ:A022100) on October 8, 2015. Sukwon Industrial was declared as a preferred bidder to acquire PonuTech. Sukwon Industrial plans to negotiate price and sign a sales and purchase agreement after due diligence.

As of October 20, 2015, Sukwon Industrial will pay KRW 50 billion to acquire 6 million shares of PonuTech. Ernst & Young, Korea acted as financial advisor for Posco ICT.