Neofect Co.,Ltd (KOSDAQ:A290660) acquired an additional 41% stake in Wever Instruments Co., Ltd. for KRW 36.1 billion on December 15, 2020. Neofect Co.,Ltd acquired 0.012 million shares in Wever Instruments. Prior to the transaction, Neofect Co.,Ltd held 10% stake in Wever Instruments Co., Ltd. and post completion of the transaction holds 51% stake in Wever Instruments. For the year ended December 2019, Wever Instruments Co., Ltd. reported total assets of KRW 5.07 billion, total equity of KRW 2.47 billion, revenues of KRW 4.87 billion and net income of KRW 1.12 billion. Neofect Co.,Ltd (KOSDAQ:A290660) completed the acquisition of an additional 41% stake in Wever Instruments Co., Ltd. on December 15, 2020.