Tong Yang Moolsan Co., Ltd. (KOSE:A002900) signed an agreement to acquire 4.76% stake in HNT Electronics Company Ltd. (KOSDAQ:A176440) from Enk Consortium for KRW 9.6 billion on October 22, 2020. The agreement includes transfer shares and management rights of HNT Electronics Company. Tong Yang Moolsan will purchase 4 million shares of HNT Electronics Company.

Tong Yang Moolsan made a down payment of KRW 610 million, KRW 5.49 billion will pay on March 15, 2021 and the balance amount of KRW 3.5 billion will pay on October 19, 2021. In accordance with the payment of KRW 5.49 billion, Enk Consortium must deliver 2.5 million shares of HNT Electronics.