Cosmax BTI, Inc. completed the acquisition of 40.7% stake in Nutribiotech Co., Ltd. from Kaffa Int Co. Limited.
June 30, 2014 at 05:00 am
Share
Cosmax BTI, Inc. (KOSE:A044820) agreed to acquire 46.73% stake in Nutribiotech Co., Ltd. from Kaffa Int Co. Limited for KRW 18.3 billion on May 13, 2014. In the deal Cosmax BTI, Inc. will acquire approximately 1.92 million shares. For 2013, Nutribiotech Co., Ltd. reported total assets of KRW 33.66 billion, total liabilites of KRW 22.75 billion and total stock holders equity of KRW 9.91 billion. The transaction is expected to close on June 30, 2014. Jeong-Yong Kim of Lian Accounting Corporation acted as external valuation agency.
Cosmax BTI, Inc. (KOSE:A044820) completed the acquisition of 40.7% stake in Nutribiotech Co., Ltd. from Kaffa Int Co. Limited on June 30, 2014.
COSMAX NBT, INC., formerly NUTRIBIOTECH. CO., LTD., is a company mainly engaged in the manufacturing and sale of health functional foods. The Company is engaged in the research and development of functional raw materials and ingredients, the production and sale of health functional foods and health oriented foods.