Ehwa Technologies Information Co., Ltd. (KOSDAQ:A024810) agreed to acquire Innoface Co., Ltd. from Eqcell Co.,Ltd for KRW 9.3 billion on December 29, 2022. The Consideration will be in the form of Cash and Debt offset. Innoface Co., Ltd. reported Total Assets Worth 17.7 billion and Net Income of 0.3 million in year ending 2021.

The transaction is expected to Close on December 29, 2022.