Powerlogics Co., Ltd. (KOSDAQ:A047310) acquired an additional 41.09% stake in TSM Co., Ltd. from Top Engineering Co. Ltd. (KOSDAQ:A065130) for KRW 10 billion in cash on September 21, 2015. For the period ending December 31, 2014, TSM Co., Ltd. reported total assets of KRW 31.04 billion, net liabilities of KRW 15.98 billion, sales of KRW 29.99 billion and net profit of KRW 2.28 billion. Post transaction, Powerlogics Co., Ltd. will hold 51.16% stake in TSM Co., Ltd. Board of Directors of Powerlogics Co., Ltd. resolved the transaction.

Powerlogics Co., Ltd. (KOSDAQ:A047310) completed the acquisition of an additional 41.09% stake in TSM Co., Ltd. from Top Engineering Co. Ltd. (KOSDAQ:A065130) on September 21, 2015.