Lotte Data Communication Company (KOSE:A286940) agreed to acquire remaining 47.7% stake in Hyundai Information Technology Co., Ltd. on April 10, 2019. Lotte Data Communication Company will issue 1.1 million shares in consideration. Post completion, Hyundai Information Technology Co., Ltd. will be merged with Lotte Data Communication Company (KOSE:A286940). Transaction was approved by shareholders and Board of Lotte Data Communication Company (KOSE:A286940) on May 30, 2019. Lotte Data Communication Company (KOSE:A286940) completed the acquisition of remaining 47.7% stake in Hyundai Information Technology Co., Ltd. on July 2, 2019.