Hwasung Industrial Co., Ltd. (KOSE:A002460) acquired 15.89% stake in Haeduk Powerway Co.,Ltd. (KOSDAQ:A102210) from Jonghee Lee for KRW 30.1 billion on February 14, 2019. Under the terms, 11.7 million shares were acquired at KRW 2570 per share. The acquisition was financed by Hwasung Industrial Co., Ltd from owner's capital.

Hwasung Industrial Co., Ltd. (KOSE:A002460) completed the acquisition of 15.89% stake in Haeduk Powerway Co.,Ltd. (KOSDAQ:A102210) from Jonghee Lee on February 14, 2019