An undisclosed buyer agreed to acquire 9.8% stake in Hyunjin Materials co., Ltd. (KOSDAQ:A053660) from Changgyu Lee and Donghwa Kim for KRW 4.7 billion on November 4, 2019. Under the terms, Changgyu Lee and Donghwa Kim will sell 3.4 million shares of Hyunjin Materials co., Ltd. Post acquisition, Changgyu Lee and Donghwa Kim will hold 1 million shares accounting for 3.18% stake in Hyunjin Materials co., Ltd. The transaction is expected to close on November 4, 2019.