Sajodaerim Corporation (KOSE:A003960) signed a merger contract to acquire SAJOHAEPYO Corporation (KOSE:A079660) for KRW 76.1 billion on January 18, 2019. Under the terms, Sajodaerim Corporation will issue 3.2 million shares with an exchange ratio of 1: 0.4475518. On April 2, 2019, the term was amended. Sajodaerim Corporation will issue 3.2 million shares. As per new amendment, post-acquisition, Sajodaerim Corporation is a surviving company and SAJOHAEPYO Corporation being dissolved. The deal is subject to approval from the shareholders of Sajodaerim Corporation and SAJOHAEPYO Corporation. General meeting of shareholders Sajodaerim Corporation will be held on April 29, 2019. The transaction has been resolved by the Board of Directors of Sajodaerim Corporation at the meeting held on January 18, 2019. The transaction is approved by the shareholders of Sajodaerim Corporation on April 29, 2019. The transaction is expected to be completed by June 1, 2019 and merger registration plan will be held on June 3, 2019. The trading suspension date got amended from May 30, 2019 to June 25, 2019.