Y-Quintet Co., Ltd. acquired 12.64% stake in TONGYANG Networks Co., Ltd. (KOSE:A030790) from NH Investment & Securities Co., Ltd. (KOSE:A005940) and Korea Securities Finance Corporation for KRW 9 billion on December 20, 2019. Y-Quintet Co., Ltd. will acquire 9.3 million shares each from NH Investment & Securities Co., Ltd. and Korea Securities Finance Corporation at KRW 479.3 per share.

Y-Quintet Co., Ltd completed the acquisition 12.64% stake in TONGYANG Networks Co., Ltd. (KOSE:A030790) from NH Investment & Securities Co., Ltd. (KOSE:A005940) and Korea Securities Finance Corporation on December 20, 2019.