Dayou Plus Co., Ltd. (KOSE:A000300) signed an agreement to acquire Dayou Service Co., Ltd for KRW 10 billion on April 4, 2018. Consideration will be paid in stock and the merger ratio is 1: 2.0931134. Under the transaction, Dayou Plus Co., Ltd. will issue 12.55 million shares. On April 17, 2018, the terms of the deal has been revised. Under the revised terms, Dayou Plus Co., Ltd will acquire Dayou Service Co., Ltd for KRW 10.4 billion and Dayou Plus Co., Ltd will issue 12.56 million shares with the merger ratio of 1: 2.0950533. Post transfer, Dayou Service Co., Ltd will be dissolved. As of December 2017, Dayou Service Co., Ltd reported total assets of KRW 28.56 billion and net assets of KRW 3.49 billion. The transaction is subject to approval by the shareholders of Dayou Plus Co., Ltd. and Dayou Service Co., Ltd. The scheduled date of shareholder approval is April 19, 2018. As of May 17, 2018, shareholders of Dayou Plus Co., Ltd. approved the transaction. The transaction is expected to be completed by June 30, 2018. Dayou Plus Co., Ltd. (KOSE:A000300) completed the acquisition of Dayou Service Co., Ltd on June 30, 2018.