Wonik Corporation (KOSDAQ:A032940) agreed to acquire Winix Inc. (KOSDAQ:A044340) for KRW 58.6 billion on September 24, 2019. Wonik will issue 1 share for every 1.0819760 shares of Winix. On October 8, 2019 the transaction is confirmed by shareholders of Wonik Corporation.

On October 9, 2019 the transaction is confirmed by shareholders of Winix Inc. and its shareholders meeting will be held on November 7, 2019. The Board of Directors of Wonik approved the transaction on November 11, 2019. The transaction is expected to close on December 10, 2019.