SG Choongbang Co., Ltd. (KOSE:A001380) agreed to acquire Shin Dong Ltd. from KM&I co., Ltd. and others for KRW 45.2 million on July 10, 2017. The merger ratio is 1: 321.6673374. Under the terms of the transaction, SG Choongbang Co., Ltd. will acquire 3.2 million shares of Shin Dong Ltd. and upon completion Shin Dong Ltd. will be dissolved. For the year ended December 31, 2016, SG Choongbang Co., Ltd. reported total revenues of KRW 18.2 billion, total assets of KRW 15.6 billion, net assets of KRW 13.7 billion and net profit of KRW 810.1 million. As of July 10, 2017, Board of SG Choongbang Co., Ltd. resolved the transaction. The expected merger contract signing date is July 13, 2017 and general meeting of shareholders scheduled date is August 11, 2017. Creditors can submit their objections from August 14, 2017 to September 14, 2017. The transaction is expected to close on September 19, 2017. The scheduled listing date of new shares in October 13, 2017. Ernst & Young, Korea acted as external rating institution. SG Choongbang Co., Ltd. (KOSE:A001380) completed the acquisition of Shin Dong Ltd. from KM&I co., Ltd. and others on September 20, 2017.