Lotte Chilsung Beverage Co.,Ltd. (KOSE:A005300) agreed to acquire Chung-Buk Soju Co., Ltd. from LOTTE Corporation (KOSE:A004990) for KRW 2.7 billion on May 27, 2021. Under the term, Lotte Chilsung Beverage will issue 0.30 million new shares to acquire 0.03 million share of Chung-Buk Soju Co., Ltd. As of December 31, 2020, Chung-Buk Soju Co., Ltd. reported total assets of KRW 16.85 billion, net assets of KRW 3.80 billion, revenue of KRW 13.68 billion and net loss of KRW 3.29 billion. 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.

Lotte Chilsung Beverage Co.,Ltd. (KOSE:A005300) completed the acquisition of Chung-Buk Soju Co., Ltd. from LOTTE Corporation (KOSE:A004990) on June 24, 2021.