Hizeaero Co., Ltd. (KOSDAQ:A221840) agreed to acquire DACC-Aerospace Co., Ltd. from Lotte Chemical Corporation (KOSE:A011170) for KRW 3 billion on July 1, 2021. As a part of the transaction 6.85 million shares will be acquired. For the year ended December 31, 2020, DACC-Aerospace reported total assets of KRW 12.86 billion, total debt of KRW 18.76 billion, total liability of KRW 5.91 billion, capital of KRW 3.43 billion, sales of KRW 19.01 billion and net loss of KRW 5.59 billion.

The transaction is expected to be completed by July 1, 2021.