Protec Co., Ltd. (KOSDAQ:A053610) acquired an additional 13.64% stake in Microfriend Inc. (KOSDAQ:A147760) from a group of shareholders for KRW 9.2 billion on July 2, 2020. Under the terms, Protec Co., Ltd. acquired 1.48 million shares at KRW 6,250 per share. The consideration is paid from Protec's own funds of KRW 11.2 billion. Post-completion, Protec Co., Ltd. increased its stake in Microfriend Inc. to 17.34%.

Protec Co., Ltd. (KOSDAQ:A053610) completed the acquisition of an additional 13.64% stake in Microfriend Inc. (KOSDAQ:A147760) from a group of shareholders on July 2, 2020