Skin n Skin Co., Ltd. (KOSDAQ:A159910) agreed to acquire DMI Company Co., Ltd. for KRW 2.7 billion on April 20, 2021. Skin n Skin Co., Ltd. signed a merger contract to acquire DMI Company Co., Ltd. on April 23, 2021. Under the terms, Skin n Skin will issue 2581.5 shares for each shares. As a result of the transaction, DMI Company Co., Ltd. will dissolve and will be extinguished. As of December 31, 2020, DMI had total assets of KRW 1.565 billion and total equity of KRW 591 million. In 2020, DMI generated revenue of KRW 13.5 billion, operating loss of KRW 906 million, Loss before tax of KRW 1.1 billion and net loss of KRW 960 million. Skin board of directors approved the transaction. On May 24, 2021, as the number of shares expressing objection to the small-scale merger with DMI Company does not correspond to 20/100 of the total number of issued shares, DMI Co., Ltd. Small-scale merger with the company has been approved. General meeting of shareholders of Skin n Skin Co., Ltd. is to be held on May 24, 2021. The transaction will be closed June 28, 2021. As of May 6, 2021, after the correction, the transaction is expected to complete on July 1, 2021. As of April 27, 2021, the transaction is expected to be completed by June 25, 2021. As of May 24, 2021, merger date will July 1, 2021. As of July 1, 2021, merger is expected to complete on July 2, 2021. Hyundai Accounting Corporation acted as external evaluation for Skin n Skin in the transaction.