Donglim Leisure Development Co., Ltd. agreed to acquire TRM Co., Ltd. from TK Corp. (KOSE:A023160) in stock on April 10, 2013. Donglim Leisure will issue 4.3366461 shares for each share of TRM Co.

In a related transaction, Donglim Leisure Development agreed to acquire tsis inc. on April 10, 2013. TRM co.,ltd. had revenues of KRW 26.91 billion, total assets of KRW 83.5 billion, net assets of KRW 34.2 billion and net income of KRW 4.41 billion for the year ended December 31, 2012. The general meeting of stockholders of TK Corp is expected to take place on April 26, 2013.

The Board of Directors of TK Corp resolved the transaction on April 10, 2013. The transaction is expected to close on May 31, 2013.