Otronic Co., Ltd acquired Ugimag Korea Co. Ltd. from LG Chem, Ltd. (KOSE:A051910) for KRW 0.99 million on July 23, 2021. As per the transaction, Otronic Co., Ltd acquired 1.72 million shares at KRW 0.58 per share. Post completion, LG Chem, Ltd. hold no stake in Ugimag Korea Co. Ltd. Otronic Co., Ltd completed the acquisition of Ugimag Korea Co. Ltd. from LG Chem, Ltd. (KOSE:A051910) on July 23, 2021.