Hansong Neotek Decides to Acquire Additional 2 Billion KRW Worth of Shinwha IT Shares

[Asia Economy Reporter Lee Seon-ae] Hansong Neotek announced on the 19th that it has decided to additionally acquire 27,692 shares of its subsidiary, Sinhwa IT.

The acquisition amount is 1,999.97 million KRW, which corresponds to 4.69% of the company's equity capital. After the acquisition, the shareholding ratio will be 58.18% (88,615 shares), and the scheduled acquisition date is March 31. The company stated, "This is for investment in expanding the manufacturing plant and production facilities of the subsidiary's secondary battery materials, strengthening control, and expanding responsible management."