Hansongneotech Co.,Ltd. (KOSDAQ:A226440) agreed to acquire 42% stake in Shinhwa IT Co., Ltd. from Alpha Holdings, Inc. (KOSDAQ:A117670) for KRW 6 billion on August 10, 2023. As of December 31, 2023, Shinhwa IT Co., Ltd reported total assets of KRW 12 billion, sales of 3.6 billion and net income of KRW -3,9 million. The deal has been approved by board of directors of Hansongneotech Co.,Ltd., and is expected to be completed on November 29, 2023.
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- Hansongneotech Co.,Ltd. agreed to acquire 42% stake in Shinhwa IT Co., Ltd. from Alpha Holdings, Inc. for KRW 6 billion.