Seojin Automotive Co.,Ltd. and ZhangjiagangJiahui AutoParts Co., Ltd. agreed to acquire 95% stake in Yasunaga Korea Co., Ltd. for KRW5.37 billion.

Seojin Automotive Co., Ltd. is a Korea-based company engaged in the manufacture and distribution of automobile parts. The Company, along with its subsidiaries, mainly provides clutches, CAM shafts, cowls, bumpers, main cores, consoles, mounts, dampers, lower arms, spring pads, bearings, weather strips, glass runs, hoses, hoods, rear beams, under body skid plates, side sills, load floors, steering wheels, flywheels, metal molds, wheel covers and others, which are applied in the automobile transmission, brake and engine systems, automobile body and others. In addition, it is involved in the import and export of automobile parts. The Company’s main clients include Hyundai Motor Co., Ltd, KIA Motors Corporation, Hyundai Mobis Co., Ltd and others.