Veritas Investment Co., Ltd. (KOSDAQ:A019660) agreed to acquire Sein Autotech Co., Ltd. from Chang-Gyun Kim, Ji-Won Lee, and BDN for KRW 1.1 billion in cash on December 20, 2013. Veritas Investment Co., Ltd. will acquire 0.07 million shares. Sein Autotech Co., Ltd. reported revenues of KRW 364 million, total assets of KRW 804 million, net income of KRW 52 million and total common equity of KRW 199 million for the year ending December 31, 2012.

Board of Directors of Veritas Investment Co., Ltd. made a resolution in favor of the transaction on December 20, 2013. The transaction is expected to close on January 3, 2014.