KG Logis Co., Ltd. agreed to acquire distribution segment from KGinicis Co., Ltd. (KOSDAQ:A035600) for KRW 15.5 billion on April 17, 2015. The Board of Directors of KG Chemical Corporation, parent of KG Logis resolved the disposal on April 17, 2015. The general meeting of stockholders is May 29, 2015.

Shareholders of KGinicis Co., Ltd. approved the transaction on May 29, 2015. The disposal is expected to be completed on June 1, 2015. The payment date for the stock acquisition is July 18, 2015.

Jung Hyeon Accounting Corporation acted as external evaluation company.