iSigma Capital-backed SKT Holdings offered to acquire an 85.1% stake in SHOKO, a company engaged in import and export of chemicals and fertilizers, from Showa Denko, a Japanese chemical company producing chemical products and industrial materials. Financial terms were not disclosed. "The company also aims to become a world-class, functional chemical manufacturer that can realize breakthroughs collectively with the company’s material technology in the midstream, Showa Denko Materials’ application technology in the downstream, and the assessment and analysis technology of these two as the driving force of growth in electronics, mobility and life science as the Company showed in The Long Term Vision of the Consolidated New Company," SKT Holdings.