Tong Yang Moolsan Co., Ltd. (KOSE:A002900) agreed to acquire 7% stake in HNT Electronics Company Ltd. (KOSDAQ:A176440) for KRW 12.6 billion on October 22, 2020. Payment will be made in cash. The deal is resolved by Board on October 22, 2020.

Expected acquisition date is October 22, 2020.