SEMCNS Co., Ltd. (KOSDAQ:A252990) agreed to acquire a 4.74% stake in Ace Technologies Corp. (KOSDAQ:A088800) from Enwayi K Partners Co., Ltd. and Gu Kwan-young for KRW 25.1 billion on February 9, 2022. Under the terms, SEMCNS will acquire 2,300,000 at a price of KRW 10,925 for cash.

Transaction will be funded through reserved funds. Board has resolved the transaction on February 9, 2022. Transaction is expected to be close on February 9, 2022.