Ano28 Co., Ltd agreed to acquire 48.6% stake in HYSONIC Co., Ltd for KRW 6 billion on December 8, 2021. Under the terms Ano28 Co., Ltd will acquire 6 million shares. The consideration of KRW 600 million at the same time as contract signing payment, within 2021 interim payments KRW 600 million within 2022 and May 31, 2022 balance paid. Transaction is expected to closing to December 9, 2021.

Ano28 Co., Ltd completed the acquisition of 48.6% stake in HYSONIC Co., Ltd February 6, 2022.