Sajodongaone Co.,Ltd (KOSE:A008040) agreed to acquire Sawon Feed Division from Agricultural Corporation Sawon Co., Ltd. for KRW 15.9 billion on February 10, 2022. Sajodongaone Co.,Ltd has made down payment, second installment payable on March 31, 2022, third installment on April 29, 2022 and balance payable on May 13, 2022. Sajodongaone Co.,Ltd has scheduled its shareholders meeting on March 24, 2022.

The Board of Directors has passed the resolution for the transaction. As on April 29, 2022, the deal consideration have been revised to KRW 16.7 billion.