Harim Holdings Co., Ltd. (KOSDAQ:A003380) agreed to acquire additional 28.24% stake in Harim USA, Ltd. from HARIM Co., Ltd. (KOSDAQ:A136480) for KRW 21.9 billion on November 8, 2019. Harim Holdings will acquire 1.08 million shares of Harim USA. As a result of acquisition, Harim Holdings will own 1.65 million shares, representing 43.09% stake of Harim USA. Harim USA reported Net income of KRW 2.94 billon, Total Assets of KRW 172.43 Billion, Total Debt of KRW 41.67 billion, The transaction is expected to be closed on December 6, 2019.

Harim Holdings Co., Ltd. (KOSDAQ:A003380) cancelled the acquisition of 28.24% stake in Harim USA, Ltd. from HARIM Co., Ltd. (KOSDAQ:A136480) on November 8, 2020.