Hancom Secure Inc. (KOSDAQ:A054920) agreed to acquired an additional 3.78% stake in Hancom Inc. (KOSDAQ:A030520) for KRW 15.2 billion on December 11, 2019. The transaction will be funded through self funds. Hancom Secure Inc. will acquire 0.92 million shares.

Post completion, Hancom Secure Inc. will own 16.66% stake in Hancom Inc. The acquisition amount will be paid in cash. For the year ending 2018, Hancom Inc. reported total assets of KRW 545.79 billion, total debt of KRW 320.83 billion, capital of KRW 12.20 billion, revenues of KRW 121.18 billion and net income of KRW 20.43 billion. The transaction is expected to close on January 30, 2020.

As of January 30, 2020, the transaction is expected to close on February 20, 2020.