Hyundai Livart Furniture Company Limited (KOSE:A079430) signed a contract to acquire Hyundai H&S Co., Ltd. from Hyundai Green Food Co.,Ltd. (KOSE:A005440) for KRW 70.1 billion on September 18, 2017. As per terms, Hyundai Livart Furniture Company Limited will issue approximately 3.27 shares for each share of Hyundai H&S Co., Ltd, thereby issuing total of approximately 3.3 million shares of Hyundai Livart Furniture Company Limited. Upon completion, Hyundai Livart Furniture Company Limited will be the surviving company and Hyundai H&S Co., Ltd. will be dissolved. The transaction is subject to approval of shareholders of Hyundai Livart Furniture Company Limited and Hyundai Green Food Co.,Ltd. and approval by Board of Directors of Hyundai Green Food. The Board of Hyundai Livart Furniture Company Limited resolved the transaction. As of November 3, 2017, the deal was approved by the shareholders of Hyundai Livart Furniture. The transaction is expected to be completed by December 5, 2017. Deloitte Anjin LLC acted as external rating institution in the transaction.

Hyundai Livart Furniture Company Limited (KOSE:A079430) completed the acquisition of Hyundai H&S Co., Ltd. from Hyundai Green Food Co.,Ltd. (KOSE:A005440) on December 5, 2017.