Comtec Systems Co.,Ltd. (KOSE:A031820) agreed to acquire 21.1% stake in KGE Holdings Co., Ltd. for KRW 10 billion on February 28, 2019. Under the terms of the transaction, Comtec Systems Co.,Ltd. will acquire 100 million shares. For the year ended December 31, 2018, KGE Holdings Co., Ltd. reported total assets of KRW 76.4 billion, total capital of KRW 45.9 billion, and net loss of KRW 1.4 billion. The transaction was resolved by the Board of Comtec Systems Co.,Ltd. on February 28, 2019. The transaction is expected to close on March 4, 2019. Comtec Systems Co.,Ltd. (KOSE:A031820) cancelled the acquisition of 21.1% stake in KGE Holdings Co., Ltd. on February 28, 2020.