InkTec Co., Ltd. (KOSDAQ:A049550) agreed to acquire Haeun Chemtec Co., Ltd. on September 7, 2021. The merger ratio for the transaction will be 1: 0.0790912. Post completion, Haeun Chemtec Co., Ltd. will be merged while InkTec Co., Ltd. would be surviving company.

The Board of Directors has passed the resolution for the transaction. Contract is planned to sign on September 10, 2021, shareholder's meeting scheduled on October 27, 2021 and merger date is December 1, 2021. As of October 27, 2021, shareholders of InkTec expressed their objection to the small-scale merger with Haeun Chemtec Co., Ltd. This merger is a small-scale merger in which the approval of the general meeting of shareholders on the merger is replaced by the approval of the board of directors in accordance with Article 527-3 of the Commercial Act.