MNTech Co., Ltd. (KOSDAQ:A095500) agreed to acquire 30% stake in Sangshin Electronics Co., Ltd. for KRW 6 billion on December 13, 2015. MNTech Co., Ltd. will acquire 0.02 million shares of Sangshin Electronics Co., Ltd. Sangshin Electronics Co., Ltd. reported total assets of KRW 27.74 billion, sales of KRW 59.49 billion and net profit of KRW 2.74 billion for the period ending December 31, 2014. The Board of Directors of MNTech passed the resolution for the transaction on December 14, 2015. The transaction is expected to complete on December 18, 2015.

MNTech Co., Ltd. (KOSDAQ:A095500) cancelled the acquisition of 30% stake in Sangshin Electronics Co., Ltd. on December 13, 2016.