Neo Technical System Co., Ltd. (KOSDAQ:A085910) entered into an agreement to acquire additional 50% stake in Kwangjin Precision Co., Ltd. on July 13, 2021. The consideration will be in cash. Neo Technical System will acquire 0.4 million shares. The transaction is being financed from Issuance of convertible bonds and use of own funds. Kwangjin Precision has total assets of KRW 102.9 billion. The transaction is expected to close on July 15, 2021. KPMG Global Services acted as due diligence to Neo Technical system Co. Ltd.