Nuvotec Co. Ltd. (KOSDAQ:A060260) agreed to acquire Eco Line Co., Ltd. for KRW 8 billion on November 7, 2019. Under the terms of the transaction, Nuvotec will deposit KRW 800 million within 7 days from the date of contract, interim payment of KRW 2000 million and the balance amount of KRW 5200 million payable on January 20, 2020. As on December 31, 2019, the balance amount of KRW 5200 million paid. The transaction will be funded through self-financing and borrowing by financial institutions. Nuvotec Co. Ltd. (KOSDAQ:A060260) cancelled the acquisition of Eco Line Co., Ltd. on November 7, 2020.