Amorepacific Corporation (KOSE:A090430) signed a contract to acquire 38.4% stake in Cosrxinc Co., Ltd. for KRW 180 billion on September 17, 2021. As per the transaction, Amorepacific will acquire 0.192 million shares. Amorepacific has been granted a call option to purchase the remaining 57.6% of CosRX's treasury stock from 2024 to 2025. If Amorepacific does not exercise the call option within the exercise period of the call option, then the seller may sell the stock to a third party. Cosrxinc Co., Ltd. reported total assets of KRW 46.05 billion and net assets of KRW 33.01 billion as at December 31, 2020. Cosrxinc Co., Ltd. reported sales of KRW 80.25 billion and net income of KRW 16.66 billion in 2020. The Board of Directors has passed the resolution for the transaction. Completion is expected on October 29, 2021.