TPC Mechatronics Corporation (KOSE:A048770) acquired 50% stake in Anyworks Co., Ltd. for KRW 800 million in August 2013. TPC Mechatronics will acquire 38.5% stake from Jun-Ho Cha, Chief Executive Officer of Anyworks for KRW 500 million and will subscribe for 23,000 shares for KRW 300 million. Anyworks reported stockholders' equity of KRW 28.77 billion for period ended June 2013. The transaction was resolved by Board of Directors of TPC Mechatronics on October 25, 2013.

TPC Mechatronics Corporation (KOSE:A048770) completed the acquisition 50% stake in Anyworks Co., Ltd. in August 2013.