SeAH Steel International Co., Ltd. agreed to acquire Seah Steel Vina Corp. from SeAH Steel Corporation (KOSE:A003030) for approximately KRW 110 billion on May 8, 2018. In related transactions, SeAH Steel International Co., Ltd. agreed to acquire stake in SeAH Steel America, Inc., State Pipe & Supply, Inc., Seah Japan Co., Ltd., SeAH Steel UAE LLC, PT. SeAH Steel Indonesia, SeAH Steel Europe S.r.l, SeAH Steel Investment America LLC, Landmark Steel Corp. and Vietnam Steel Pipe Company Limited. The combined deal value is approximately KRW 480 billion which will be satisfied through issuance of 2 million shares. SeAH Steel International Co., Ltd. will make the payment on the completion date. Seah Steel Vina Corp. reported total assets of KRW 103.81 billion and total capital of KRW 70 billion as at December 31, 2017. Seah Steel Vina Corp. reported sales of KRW 134.81 billion and net profit of KRW 10.75 billion in 2017. The Board of Directors passed a resolution for the transaction on May 8, 2018. The transaction is expected to be completed on July 23, 2018. Samil PricewaterhouseCoopers acted as the external rating institution. SeAH Steel International Co., Ltd. completed the acquisition of Seah Steel Vina Corp. from SeAH Steel Corporation (KOSE:A003030) on August 29, 2018.