Dragonfly GF Co., Ltd (KOSDAQ:A030350) agreed to acquire remaining 49% stake in Renofec Co, Ltd. from Hankyu Sung and Maenghwan Lee for KRW 7.4 billion on September 17, 2021. Dragonfly acquired 88,200 shares, representing 49% stake in Renofec Co. Prior to this acquisition, Dragonfly held 51% stake in Renofec Co. and upon completion, its ownership increased to 100%. The acquisition will be financed KRW 450 million from reserved funds and KRW 3 billion from convertible debts. The Renofec Co had total assets, total debt, total equity, sales and net income of KRW 10.94 billion, KRW 2.96 billion, KRW 7.98 billion, KRW 7.59 billion and KRW 2.01 billion, respectively, for the fiscal year ended 2020. Dragonfly GF Co., Ltd (KOSDAQ:A030350) completed the acquisition of remaining 49% stake in Renofec Co, Ltd. from Hankyu Sung and Maenghwan Lee on October 5, 2021.