OCI Company Ltd. (KOSE:A010060) agreed to acquire an additional 10.878134% stake in Bukwang Pharmaceutical Co., Ltd. (KOSE : A003000) from Kim Sanghun and 8 other shareholders for approximately KRW 150 billion on February 22, 2022. The consideration will be paid in cash. Upon completion, OCI Company will hold 10.90% stake in Bukwang Pharmaceutical.

The transaction is expected to close on March 8, 2022.