Inzi Display Co. Ltd. (KOSE:A037330) agreed to acquire Ceratron Co., Ltd. for KRW 720 million in stock on April 19, 2012. As per the terms of the deal, 0.0866001 shares of Inzi Display Co. Ltd. will be issued for each share of Ceratron co., Ltd. Inzi Display Co. Ltd. is issuing 0.28 million shares as part of the consideration. For the year ended December 31, 2011, Ceratron Co., Ltd. had total assets of KRW 6.31 billion, capital of KRW 1.6 billion, total liabilities of KRW 4.3 billion, sales revenue of KRW 9.38 billion, total stockholders' equity of KRW 2.01 billion and net profit of KRW 8 million. The Board of Directors of Inzi Display Co. Ltd. and Ceratron Co., Ltd resolved the transaction on April 19, 2012. The period of submission of objections from creditors will start from May 25, 2012 to June 25, 2012. The registration period for notice of objections against merger will start from May 9, 2012 to May 23, 2012. The resolution date of Board of Directors for merger approval is May 24, 2012. The transaction is expected to close on June 26, 2012. Inzi Display Co. Ltd. (KOSE:A037330) completed the acquisition of Ceratron Co., Ltd. on June 26, 2012. An amendment was done on July 12, 2012. According to the amendment, scheduled delivery date of new share certificates was changed from July 12, 2012 to July 17, 2012 and scheduled listing date of new stocks was changed from July 13, 2012 to July 18, 2012. Announcement of closing of merger will be replaced with Inzi Display Company Limited Website notification with decision of Board of Directors.