GH Advanced Materials Inc. (KOSDAQ:A130500) agreed to acquire 60.7% stake in GH America Incorporation from GH New Materials Co., Ltd. for KRW 10.2 billion on October 13, 2021. As part of the transaction, GH Advanced acquires 8.5 million shares in GH America. In most recent business year, GH America reported total assets of KRW 85.2 billion. The transaction is expected to complete on October 13, 2021.