Hwashin Tech Co., Ltd. (KOSDAQ:A086250) agreed to acquire GE Solar Co.,Ltd from Kim Yongho for KRW 1.9 billion on February 11, 2019. The consideration will be payable in cash and will be financed by retained funds KRW 10 billion and and convertible bond issuance of KRW 9 billion. On February 11, 2019, the convertible bonds were issued. The transaction is expected to close on February 11, 2019. Samil PricewaterhouseCoopers acted as external rating institution.