HANMI Semiconductor Co., Ltd. (KOSE:A042700) agreed to acquire 12.49% stake in HPSP Co., Ltd from Jae-ik Yoo and OK Investments LLC for KRW 37.5 billion on June 17, 2021. The transaction will be funded by HANMI Semiconductor own funds. As a part of the transaction, OK Investments LLC will sell 0.0084 shares for KRW 6.08 billion and Jae-ik Yoo will sell 0.043 million shares for KRW 31.42 billion.

As of December 31, 2021, HPSP reported total assets of KRW 49.3 billion, total debt of KRW 15.24 billion, total equity of KRW 34.09 billion, capital of KRW 2.07 billion, sale of KRW 61.17 billion and net income of KRW 20.92 billion. The transaction is expected to be completed by June 21, 2021.