Ottogi Corporation (KOSE:A007310) agreed to acquire Ottogi Sesamemills Co.,Ltd. on June 22, 2020. The exchange ratio for the transaction is 0.466. In the year ended December 31, 2019 Ottogi Sesamemills Co.,Ltd reported total assets of KRW 93 billion and net income of KRW 5 billion. The merger contract date is June 30, 2020. The transaction is subject to shareholder approval of Ottogi Corporation and expected close on September 1, 2020.