KSP Co., Ltd. (KOSDAQ:A073010) agreed to acquire SAMMI Metal Products Co., Ltd for KRW 10.2 billion on June 15, 2022. After the completion, SAMMI Metal Products will become wholly owned subsidiary of KSP. On June 21, 2022, The 0.2062721 shares of KSP are exchanged for each share of Sammi Metal.

As of December 31, 2021 Total assets were reported as 147,329.130474 million and Total common equity as 40,495.030615 million. The transaction is subject to approval of KSP shareholders. The start date of Exchange/Transfer Schedule on July 28, 2022 and end date will be August 17, 2022.

The Deadline for claiming stock will start from July 28, 2022 and end on August 17, 2022. As June 29, 2022, transaction is expected to close on September 2, 2022. As on July 19, 2022, Transaction is expected to close on September 27, 2022.

As of August 16, 2022, Scheduled date of general meeting of shareholders is September 29, 2022. The stock purchase right event period end date is October 19, 2022. The expected date of issuance and listing of new shares is November 22, 2022.

Transaction is expected to close on October 31, 2022.