Iljin Diamond Co. Ltd. (KOSE:A081000) agreed to acquire an additional 10% stake in ILJIN Composites Co., Ltd. for KRW 110 billion on Jul 9, 2021. As per terms of transaction, Iljin Diamond Co.

Ltd. acquired 3.1 million shares of ILJIN Composites Co., Ltd. As on December 31, 2020, ILJIN Composites Co., Ltd. reported assets of KRW 81 billion, revenue of KRW 113 billion, total debt of KRW 28 billion, net income of KRW 15 billion and total common equity of KRW 53 billion. Transaction is expected to complete on August 17, 2021.