Dong Ah Tire & Rubber Co.,Ltd (KOSE:A282690) agreed to acquire Qingdao Dongya Tire Co., Ltd. for KRW 37.8 billion on November 15, 2021. In 2020, Qingdao Dongya reported total assets of KRW 30.6 billion, total debt of KRW 5.8 billion, sales of KRW 20.8 billion, net income of KRW 0.7 billion and total equity of KRW 24.8 billion. The transaction is expected to complete on November 30, 2021.