Hyulim ROBOT Co.,Ltd. (KOSDAQ:A090710) agreed to acquire a 2.16% stake in The HQ Co.,Ltd. (KOSDAQ:A192410) for KRW 10 billion on June 22, 2022. Under the terms, 800,000 shares will be acquired. Hyulim ROBOT will pay KRW 1.8 billion on agreement date and KRW 7.4 billion on August 2, 2022 to SMV Holdings whereas KRW 163.4 million on agreement date and KRW 653.4 million on August 02, 2022 to WSD Holdings. The consideration will be funded by already held funds. Transaction is resolved by the board of directors or Hyulim ROBOT and is expected to close in August 2, 2022.

Hyulim ROBOT Co.,Ltd. (KOSDAQ:A090710) completed the acquisition of a 2.16% stake in The HQ Co.,Ltd. (KOSDAQ:A192410) on August 2, 2022.