YEST Co., Ltd. (KOSDAQ:A122640) entered into an agreement to acquire 19.17% stake in IM Tech Inc. (KOSDAQ:A226350) for KRW 2 billion on July 14, 2020. Under the terms, 0.08 million shares were acquired as a part of the acquisition. Imtech reported total assets of KRW 17.5 billion, sale of KRW 33.9 billion and net income of KRW 1.7 billion in 2019.

The transaction is expected to close on September 21, 2020.