Haenim Company and 7 others signed a contract to acquire 47.39% stake in Hwashin Tech Co., Ltd. (KOSDAQ:A086250) from group of sellers for KRW 20.7 billion on October 2, 2018. As per the amendment dated November 20, 2018, Haenim Company and 17 others signed a contract to acquire 47.39% stake in Hwashin Tech Co., Ltd. (KOSDAQ:A086250) from group of sellers for KRW 20.7 billion. Under the terms, Haenim Company and 7 others will acquire 4.6 million shares at KRW 4500 per share. Deposit of KRW 4.1 billion paid on October 2, 2018 and second payment of KRW 7.9 billion will be held on November 20, 2018 and balance of KRW 8.7 billion will be held on December 28, 2018. Group of sellers have transferred 0.92 million shares as contract deposit payment on October 2, 2018. Upon completion, Younghoon Oh and Seungduk Baek will be the new Chief Executive Officer. The transaction is expected to be completed on December 28, 2018. On October 2, 2018, Hans Eng Corp. acquired 19.9% stake.