FarmStory Co., Ltd. (KOSDAQ:A027710) signed an agreement to acquire the remaining minority stake in Seoul Feed Co.,Ltd for KRW 23.2 billion on September 11, 2019. FarmStory will issue 23.1 million shares with ratio as 1: 0.4896347. As of December 31, 2018, Seoul Feed Co.,Ltd reported total assets of KRW 268 billion and total capital of KRW 733 billion. For the year ended December 31, 2018, Seoul Feed Co.,Ltd reported sales of KRW 335 billion and net loss of KRW 5.8 billion. On October 29, 2019, shareholders of FarmStory Co., Ltd approved the transaction. The transaction is expected to close on December 1, 2019. Jung Hyeon Accounting Corporation acted as the External institution for Evaluation.