Uniquest Corporation agreed to Spin-Off 33.2% stake in DREAMTECH Co., Ltd. (KOSE:A192650) on July 3, 2023. As per the terms of the transaction, Investment business Division of Uniquest will be merged into DREAMTECH. Uniquest Corporation shareholders will receive 0.924792 shares of DREAMTECH for each share they held in the company.

Transaction is subject to shareholders approval. As of September 20, 2023, the planned date of merger registration and End Report General Meeting changed to October 4, 2023. The listing of new shares are expected on October 23, 2023.

Both Uniquest and DREAMTECH will maintain their status as listed corporations on Korea Exchange even after the spin-off merger. The merger date is October 1, 2023.