Easy Bio System, Inc. (KOSE:A035810) agreed to acquire the animal feed business of Samyang Corporation (KOSE:A145990) for KRW 18 billion on January 30, 2012. As part of the transaction, Easy Bio System will also acquire the liabilities and business rights of animal feed business. Easy Bio System will acquire the business through one of its subsidiary. The transaction was resolved by the Board of Directors of Samyang on January 30, 2012. The stockholders of Samyang will discuss the transaction in a meeting scheduled to be held on March 22, 2012. An agreement was signed between the parties on January 31, 2012. The transaction is expected to close on March 23, 2012. Samyang will use the proceeds from the transaction for investment in new businesses. Easy Bio System, Inc. (KOSE:A035810) completed the acquisition of the animal feed business of Samyang Corporation (KOSE:A145990) on March 23, 2012. The stockholders of Samyang discussed the transaction in a meeting held on March 22, 2012.