Daesang Holdings Co., Ltd. (KOSE:A084690) agreed to acquire 70% stake in Crystal Farms Co.,Ltd. for KRW 38.5 billion on October 27, 2021. As part of the transaction, Daesang will acquire 70,000 shares in Crystal Farms. The transaction is subject to approval from relevant agencies including the business combination report by the Fair Trade Commission, and resolved by the board of Daesang Holdings. The transaction is expected to close on November 30, 2021.