CoAsia Holdings Co., Ltd. (KOSDAQ:A045970) and Huijun Lee agreed to acquire 51.01% stake in HNT Vina Co. Ltd from HNT Electronics Company Ltd. (KOSDAQ:A176440) for KRW 11.7 billion on March 12, 2019. CoAsia Holdings Co., Ltd. will acquire 51% stake in HNT Vina for KRW 11.73 billion and Huijun Lee will acquire 0.05% stake in HNT Vina for KRW 12 million. The consideration will paid in cash on March 27, 2019. The transaction is resolved by the Board of HNT Electronics Company on March 12, 2019. The transaction is expected to complete on March 27, 2019. As of amendment on March 27, 2019, transaction is expected to complete on May 17, 2019. As of amendment on May 3, 2019, transaction is expected to complete on May 29, 2019. Seyeon Accounting Corporation acted as external rating institution in the transaction.

CoAsia Holdings Co., Ltd. (KOSDAQ:A045970) and Huijun Lee cancelled the acquisition of 51.01% stake in HNT Vina Co. Ltd from HNT Electronics Company Ltd. (KOSDAQ:A176440) on May 29, 2019.