HNT M&A Fund signed a contract to acquire 32.02% stake in HNT Electronics Company Ltd. (KOSDAQ:A176440) from CoAsia Holdings Co., Ltd. (KOSDAQ:A045970) for KRW 26.6 billion on February 25, 2019. A total of 4.4 million shares will be acquired as part of the deal for KRW 6000 per share. KRW 5 billion will be paid on contract date and the remaining balance will be paid on the closing date.

Closing is expected by March 27, 2019. As of March 27, 2019, expected closing date was amended to May 17, 2019. The transaction is expected to be closed on May 29, 2019.