Hyosung Advanced Materials Corporation (KOSE:A298050) intends to acquire Hyosung Quang Nam Co.,Ltd. for KRW 12.2 billion on May 12, 2020. As of December 31, 2020, Hyosung Quang Nam Co.,Ltd. reported total assets of KRW 136.5 billion, revenue of KRW 2.04 billion and net loss of KRW 917.96 million. The transaction is expected to complete on May 14, 2020.