LG Chem, Ltd. (KOSE:A051910) agreed to acquire LG Life Sciences, Ltd. (KOSE:A068870) for KRW 1.1 trillion on September 11, 2016. Under the terms of the transaction, exchange rate between LG Chem and LG Life Sciences will be 1 to 0.2606772 for common shares and 1 to 0.2534945 for preferred shares. LG Chem will issue 4.3 million new common shares and 0.06 million preferred shares for the transaction. After the transaction, LG Chem will survive and LG Life Sciences will be dissolved. The deal was approved by the Board of Directors of LG Chem and LG Life Sciences on September 12, 2016. As on November 18, 2016 Competition Commission of India approved the transaction. The schedule listing date of new stocks is January 17, 2017. The expected merger effective date is January 1, 2017 and the registered date is January 17, 2017.

LG Chem, Ltd. (KOSE:A051910) completed the acquisition of LG Life Sciences, Ltd. (KOSE:A068870) on January 1, 2017. As of January 17, 2017 both companies submit the document to competition commission of India. Under the document, on completion LG Chem will be surviving company will LG LS would be the dissolved company.