JNK Heaters Co. Ltd. (KOSE:126880) agreed to acquire 70% stake in I PLANT CO. LTD. for KRW 700 million on March 21, 2011. The Board of Directors of JNK Heaters resolved the deal on March 21, 2011. The transaction is expected to close on April 1, 2011. JNK Heaters Co. Ltd. (KOSE:126880) cancelled the acquisition of 70% stake in I PLANT CO. LTD. on March 21, 2012.