Hyosung Chemical Corporation (KOSE:A298000) agreed to acquire Hyosung Vina Chemicals Co., Ltd. for approximately KRW 120 billion on February 7, 2020. The consideration is paid in cash. Hyosung Vina Chemicals Co., Ltd reported total assets of KRW 248 billion, net income of KRW 207 million, total debt of KRW 46 billion. The transaction is expected to complete by February 19, 2020. As on February 19, 2020, the deal is expected to close on February 25, 2020. Ernst & Young Vietnam Limited acted as external auditor to Hyosung Vina Chemicals Co., Ltd.