[Asia Economy Reporter Seungjin Lee] Hwashin Tech announced on the 27th that it will acquire 47,394 shares of reagent research and development company Genome Biologics Asia Pacific for approximately 5 billion KRW.


After acquiring the shares, Hwashin Tech's stake in Genome Biologics Asia Pacific will be 21.2%. The scheduled date of share acquisition is the same day as the announcement.



Hwashin Tech stated that the purpose of this share acquisition is "business diversification and revenue diversification through entry into new business areas."


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