Opentide Korea Corporation agreed to acquire 365 Homecare Co., Ltd. from S-1 Corporation, Samsung SDS Co., Ltd., Samsung Life Public Welfare Foundation, In-Joo Kim and others.

Opentide Korea Corporation agreed to acquire 365 Homecare Co., Ltd. from S-1 Corporation (KOSE:A012750), Samsung SDS Co., Ltd., Samsung Life Public Welfare Foundation, In-Joo Kim and others in stock on March 20, 2014. The merger agreement was signed on March 25, 2015. OpenTide Korea Corporation will issue 0.1638776 shares for each share of 365 Homecare Co., Ltd. and will issue total of 0.07 million shares.

As of December 31, 2013, 365 Homecare had total assets of KRW 1.57 billion, total liabilities of KRW 1.47 billion, sales revenue of KRW 2.97 billion, total stockholders' equity of KRW 98 million and net profit of KRW 365 million. The expected date for general meeting of stockholders plan date is May 12, 2014. The expected date for existing shares submission duration is from May 13, 2014 to June 13, 2014.

The expected period of submission of objections from creditors is from May 13, 2014 to June 13, 2014. The Board of Directors of Opentide Korea Corporation made a resolution in favor of the transaction on March 20, 2014. The expected merger date is June 14, 2014.