CammSys Corp. (KOSDAQ:A050110) entered into a stock purchase agreement to acquire additional 8.9% stake in Cammsys Global Corp. for KRW 18.1 billion on December 8, 2023.

Post closing, CammSys Corp's stake in Cammsys Global Corp. will increase to 98%. Cammsys Global had total assets of KRW 215.8 billion, total debt of KRW 86.2 billion, total common equity of KRW 129.555 billion and net income of KRW 7.89 billion, for fiscal year ended 2022.

The transaction is expected to close on December 11, 2023.