Tong Yang Moolsan Co., Ltd. (KOSE:A002900) agreed to acquire 7% stake in HNT Electronics Company Ltd. (KOSDAQ:A176440) for KRW 12.6 billion on October 22, 2020. Payment will be made in cash. The deal is resolved by Board on October 22, 2020. Expected acquisition date is October 22, 2020.

Tong Yang Moolsan Co., Ltd. (KOSE:A002900) cancelled the acquisition of 7% stake in HNT Electronics Company Ltd. (KOSDAQ:A176440) on February 10, 2021. The transaction was cancelled following a dispute over management rights.