Hyulim ROBOT Co.,Ltd. (KOSDAQ:A090710) agreed to acquire 86.65% stake in Eqcell Co.,Ltd from E Investment&Development Co., Ltd. (KOSE:A093230) and Ehwa Technologies Information Co., Ltd. (KOSDAQ:A024810) for KRW 59.8 billion on June 5, 2024. A cash consideration of KRW 59.76 billion will be paid by Hyulim ROBOT Co.,Ltd. As part of consideration, KRW 59.76 billion is paid towards common equity of Eqcell Co.,Ltd. The expected completion of the transaction is July 19, 2024.