Kl & G Co., Hangzhou Jinju Investment Management Co., Ltd. and Inno-Tech Holdings Limited (SEHK:8202) agreed to acquire EHWA Technologies Information Co. Ltd. (KOSDAQ:A024810) from E-Tron Co., Ltd. (KOSDAQ:A096040) for KRW 8.3 billion on January 22, 2020. E-Tron will transfer approximately 39 million shares to KL & G, Jinji and Innotech.

Post transfer, E-Tron Co. will hold around 25.2% stake in EHWA Technologies. The transaction is expected to close on January 31, 2020.