Hansol Paper Co., Ltd. (KOSE:A213500) agreed to acquire Hansol Artone Paper Co., Ltd. (KOSE:A007190) from Hansol Holdings Co., Ltd. (KOSE:A004150) in stock on November 25, 2016. Under the terms of the transaction, Hansol Paper will issue 3.7 million common shares at the exchange ratio of 1: 0.0906618 and 0.002 million shares of preferred stock at the exchange ratio of 1: 0.3753903. The board of directors of Hansol Paper Co., Ltd. passed the resolution for the deal. The shareholders of Hansol Artone Paper Co., Ltd. approved the deal. The deal is expected to close on March 1, 2017. PricewaterhouseCoopers Korea acted as external rating institution.

Hansol Paper Co., Ltd. (KOSE:A213500) completed the acquisition of Hansol Artone Paper Co., Ltd. (KOSE:A007190) from Hansol Holdings Co., Ltd. (KOSE:A004150) on March 3, 2017.