HARIM Co., Ltd. (KOSDAQ:A136480) agreed to acquire Green By-Tech Co., Ltd. on December 16, 2019. Under the terms, Harim Co., Ltd. will issue 1 share for every 35.5 shares of Green By-Tech Co., Ltd and Harim Co., Ltd. will issue 19.3 million shares. As at December 31, 2018, Green By-Tech had total assets of 56.6 billion and total debt of KRW 17.4 billion. For the year ended December 31, 2018, Green By-Tech had revenues of KRW 22.6 billion and net income of KRW 7.7 billion. The transaction is subject to the approval of general shareholders’ meeting to be held on January 28, 2020. The transaction is expected to close on March 3, 2020.