Dongsung Corporation (KOSE:A102260) agreed to acquire remaining 48.8% stake in Dongsung Chemical Co., Ltd. (KOSE:A005190) from Korea Investment Management Co., Ltd, Ibest Investment Company Ltd. and other shareholders for KRW 43.9 million on December 21, 2020. The exchange ratio for the transaction is 3.3. After completion of the transaction, the name of the surviving company will be changed to Dongsung Chemical Co., Ltd. The meeting of the shareholders is scheduled on February 25, 2021. The transaction is expected to close on March 17, 2021.