Lotte Chilsung Beverage Co.,Ltd. (KOSE:A005300) agreed to acquire CH Beverage Co.,Ltd. from LOTTE Corporation (KOSE:A004990) for KRW 16.7 billion on May 27, 2021. As per the terms of the transaction, Lotte Chilsung Beverage will issue 0.03 million new shares to acquire 0.03 million share of CH Beverage Co.,Ltd. In 2020, CH Beverage Co.,Ltd. reported a total assets of KRW 20.5 billion, total common equity of KRW 17.7 billion, total revenues of KRW 20.4 billion and net income of KRW 320 million. The transaction is subject to court approval and board approval. The transaction was resolved by the board on May 27, 2021. The transaction is expected to close on August 27, 2021. As of June 24, 2021, the transaction is expected to be completed by July 1, 2021.

Lotte Chilsung Beverage Co.,Ltd. (KOSE:A005300) completed the acquisition of CH Beverage Co.,Ltd. from LOTTE Corporation (KOSE:A004990) on July 1, 2021.