Mega J Clean Ltd agreed to acquire The Joeun Next Co., Ltd. from Ibkimyoung Co.,Ltd. (KOSDAQ:A339950) on December 10, 2020. Mega J Clean will acquire 0.1 million shares of The Joeun Next. Merger ratio is 1:0.5568685. Mega J Clean Ltd would be surviving entity after completion of the transaction. The Joeun Next reported total assets of KRW 1.6 billion, total liabilities of KRW 143 million and net loss of KRW 266 million. The meeting of shareholders is scheduled on January 14, 2021. Merger date is March 1, 2021.