Robe Co.,Ltd., Bsi Company Limited, Qm Green and HS Milestone Fund signed an agreement to acquire 12.37% stake in MP Group Inc. from Woo-hyun Jung and Ji-Hye Jung for KRW 13 billion.
October 05, 2020
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Robe Co.,Ltd., Bsi Company Limited, Qm Green and HS Milestone Fund signed an agreement to acquire 12.37% stake in MP Group Inc. from Woo-hyun Jung and Ji-Hye Jung for KRW 13 billion on October 5, 2020. The consideration will be paid as KRW 1.5 billion on October 6, 2020, Intermediate payment of KRW 4.5 billion to be paid on October 12, 2020, and balance of KRW 7 billion to be paid on October 20, 2020. On October 12, 2020, there is a change in payment schedule, pursuant to which KRW 500 million was paid on October 12, 2020 instead of KRW 4.5 billion and second intermediate payment of KRW 4 billion will be paid on October 14, 2020. The second intermediate payment of KRW 2.7 billion was completed on October 14, 2020 and the balance of KRW 8.3 billion will be paid by October 20, 2020. Under the transaction, Robe Co.,Ltd., Bsi Company Limited and Qm Green and HS Milestone Fund will acquire 10 million shares at a price of KRW 1,300 per share. QM Green will acquire 1.15 million shares for KRW 1.5 billion, Bsi Company will acquire 1.15 million shares for KRW 1.5 billion, Robe co., Ltd will acquire 2.3 million shares for KRW 3 billion, and HS Milestone Fund will acquire 5.3 million shares for KRW 7 billion. Woo-hyun Jung will sell 6.1 million shares for KRW 7.9 billion and Ji-Hye Jung will sell 3.9 million shares for KRW 5.1 billion. As per the correction submitted on October 20, 2020, Robe Co.,Ltd will acquire 0.23 million shares for KRW 300 million and HS Milestone Fund will acquire 7.5 million shares for KRW 9.7 billion.
Daesan F&B Inc, formerly DSEN Inc, is a Korea-based company primarily engaged in the processing, distribution, manufacture and sale of livestock products. The Pork Business segment is engaged in the process and sale of pork products such as pork, part meat and processed meat.
Robe Co.,Ltd., Bsi Company Limited, Qm Green and HS Milestone Fund signed an agreement to acquire 12.37% stake in MP Group Inc. from Woo-hyun Jung and Ji-Hye Jung for KRW 13 billion.