Chin Yang Moolsan Co., Ltd. agreed to acquire Chinyang Foamtech Co., Ltd. from Chinyang Holdings Corp. (KOSE:A100250) on January 26, 2018. The merger ratio is 1:1. Chin Yang Moolsan Co., Ltd. will issue 0.36 million shares in the acquisition. In a related transaction, Chinyang Foamtech Co., Ltd. will spin off manufacturing business to Chin Yang Moolsan Co., Ltd. The general meeting of shareholders plan date is February 27, 2018. Board of Directors of Chinyang Holdings Corp made a resolution in favor of the transaction on January 26, 2018. The merger date is April 1, 2018.