Fashion group Hyungji,co.,Ltd. agreed to acquire 51.12% of stake in Hyungji Esquire Co., Ltd. from hyungji Elite Co., Ltd. (KOSE:A093240) for KRW 8.8 billion on June 27, 2022. Hyungji Esquire has a total assets of KRW 41,905 million, revenue KRW 71,242 million, total debt of KRW 28,858 million, total equity of KRW 13,048 million and net loss of KRW 2,714 million as of June 30, 2021. The transaction is expected to close on June 30, 2022.