TES System Inc. agreed to acquire 9.9% stake in Ehwa Defense Technology (KOSDAQ:A215090) from EHWA Technologies Information Co. Ltd. (KOSDAQ:A024810) for KRW 12 billion on July 12, 2021. The transaction will be financed using KRW 500 million of own funds and 11.5 billion of borrowings.

Anchor Investment Co., Ltd. was the borrower.