Hansol Technics Co., LTD. (KOSE:A004710) signed contract to acquire 24.58% stake in Iones Co., Ltd. (KOSDAQ:A114810) from Lee, Moon-gi for KRW 86.6 billion on December 3, 2021. As per the transaction, Hansol Technics Co., LTD. will acquire 6.26 million shares at KRW 13808 per share. Hansol Technics Co., LTD. hasp aid KRW 34.6 billion as down payment while remaining KRW 51.96 billion payable on completion.

Post completion, Lee, Moon-gi will hold no stake in Iones Co., Ltd. Completion is scheduled on January 14, 2022.