Orient Precision Industries Inc (KOSDAQ:A065500) agreed to acquire Gum Young Tech Co. Ltd. from Kim In-hui and Bae Young-ok for KRW 7.8 billion on April 19, 2022. As part of the transaction, Orient Precision will acquire 40,000 shares representing 100% of the equity ratio. For the year ended December 2021, Gum Young Tech reported Total assets of KRW 11.97 billion, total equity of KRW 9.24 billion, sales of KRW 13.11 billion, Total Debt of KRW 2.73 billion and Net Income of KRW 839 million. The transaction is resolved by the board of Orient Precision and expected to compete by May 31, 2022.

Orient Precision Industries Inc (KOSDAQ:A065500) completed the acquisition of Gum Young Tech Co. Ltd. from Kim In-hui and Bae Young-ok on May 31, 2022.