CoAsia Optics Corp. (KOSDAQ:A196450) and CoAsia Corporation (KOSDAQ:A045970) agreed to acquire 49% stake in CoAsia CM VINA JSC from HNT Electronics Company Ltd. (KOSDAQ:A176440) for KRW 12.5 billion on July 27, 2021. The consideration will be settled through issuance commission of convertible bonds from CoAsia Optics and through cash from CoAsia Corporation.

As of 2020, CoAsia CM had total assets of KRW 95.1 billion, total equity of KRW 37.8 billion, sales of KRW 303.8 billion and net loss of KRW 3.95 billion. The transaction is expected to close on July 27, 2021.