Samyang Holdings Corporation (KOSE:A000070) agreed to acquire remaining 33.89% stake in Samyang Entech Co.,Ltd. (KOSE:A008720) for KRW 11.3 billion on August 21, 2014. Won Kim, Yoon Kim, Ryang Kim, Jung Kim, Ha-Cheol Song, Geun-Hwa Song, Ji-Young Song, and Sudang Foundation, Endowment Arm will sell their stake in the transaction. Samyang Holdings Corporation entered into an agreement to acquire remaining 33.89% stake in Samyang Entech Co.,Ltd. on August 28, 2014. Samyang Holdings Corporation (KOSE:A000070) will issue 0.40 million share. After the merger, Samyang Holdings will survive and Samyang Entech will be dissolved. Merger date is scheduled on December 1, 2014 while the merger registration date is scheduled on December 3, 2014. Board of Directors of Samyang Holdings Corporation and Samyang Entech Co.,Ltd made a resolution in favor of the transaction on August 21, 2014.

As of October 27, 2014, the transaction was approved by Board of Samyang Holdings Corporation. As of October 27, 2014, the transaction has been approved by shareholders of Samyang Entech Co.,Ltd. The result of the exercise of stock option by the shareholders who disapprove the decision on merger between Samyang Holdings Corporation and Samyang Entech Co.,Ltd. is that number to be shares requested is 8,890 shares and number of shares acquired is 3,890 shares.

Samyang Holdings Corporation (KOSE:A000070) completed the acquisition of remaining 33.89% stake in Samyang Entech Co.,Ltd. (KOSE:A008720) on December 1, 2014.