Ssangyong Information & Communications Corp. (KOSDAQ:A010280) agreed to acquire 43% stake in Comtech Information & Communication Co., Ltd. for KRW 6.2 billion on November 30, 2020. As per the transaction, Ssangyong Information & Communications Corp will acquire 0.35 million shares of Comtech Information & Communication Co., Ltd. Comtech Information & Communication Co., Ltd. reported total assets of KRW 36.5 billion and net income of KRW 494 million and revenue of KRW 116 billion. The transaction is expected to be completed by November 30, 2020.