Inzi Display Co.,Ltd (KOSDAQ:A037330) entered into an agreement to acquire INZI AMT Co., Ltd. from You-Tech Solution Co., Ltd and others on June 24, 2019. Under the terms of the transaction, Inzi Display Co.,Ltd will issue 3.68 million common shares and 4.6 million redeemable convertible preferred shares as consideration. The exchange ratio is 1:5.2285857. As a result of the transaction, INZI AMT Co., Ltd. will dissolved and Inzi Display Co.,Ltd will be the surviving entity. The surviving entity will take the name INZI AMT Co., Ltd. For the year ended December 31, 2018, INZI AMT Co., Ltd. reported total assets of KRW 139.1 billion, total capital of KRW 26.05 billion, sales of KRW 158.9 billion, and net loss of KRW 2.8 billion. The transaction needs approval from the number of two-thirds or more of the voting rights of the attending shareholders of Inzi Display Co.,Ltd and one third or more approval. The transaction was resolved by the Board of Inzi Display Co.,Ltd on June 24, 2019. The general meeting of shareholders is expected to be held on July 31, 2019. On July 31, 2019, the merger was approved by the Extraordinary General Meeting of Inzi Display shareholders. The merger date is September 1, 2019. E-Chon Accounting Corporation acted as external rating institution.