V-One Tech Co., Ltd. (KOSDAQ:A251630) agreed to acquire additional 9.752235% stake in Syscon Co. Ltd. for KRW 6.03 billion on December 13, 2023. Consideration will be paid in cash.

As part of acquisition 1 million shares will be acquired. After completion of transaction, V-One Tech will own 6,105,835 shares. For period ended December 2022, Syscon reported total assets of KRW 48.4 billion, total debt of KRW 40 billion, total capital of KRW 8.4 billion and net loss of KRW 6.1 billion.

The transaction is expected to complete on December 26, 2023.