F&F Holdings Co., Ltd. (KOSE:A007700) made an offer to acquire an additional 39.5% stake in F&F Co., Ltd. (KOSE:A383220) for KRW 1.6 billion on June 27, 2021. Pursuant to the terms of the offer, F&F Holdings Co., Ltd. will acquire 3.03 million shares for per share KRW 526,957. If all conditions for the tender offer are satisfied, the date of settlement of the order price after the tender offer period ends.

The tender offer is expected to close on August 15, 2021. Daishin Securities Co., Ltd. (KOSE:A003540) acted as financial advisor to F&F Holdings Co., Ltd.