INFAC Corporation (KOSE:A023810) agreed to acquire additional 16% stake in INFAC Elecs Co., Ltd. from Infac North America Inc. for KRW 9.5 billion on April 26, 2023. As part of transaction, 64,000 shares will be acquired. INFAC Corporation will hold 65% stake after completion of transaction.

For period ended December 31, 2022, INFAC Elecs reported total assets of KRW 9.5 billion, total stockholders equity of KRW 40.2 billion, sales of KRW 1.4 billion and net profit of KRW 6.6 billion. The transaction is expected to complete on April 27, 2023.