Daesang Holdings Co., Ltd. completed the acquisition of 70% stake in Crystal Farms Co.,Ltd.
November 29, 2021
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Daesang Holdings Co., Ltd. (KOSE:A084690) agreed to acquire 70% stake in Crystal Farms Co.,Ltd. for KRW 38.5 billion on October 27, 2021. As part of the transaction, Daesang will acquire 70,000 shares in Crystal Farms. The transaction is subject to approval from relevant agencies including the business combination report by the Fair Trade Commission, and resolved by the board of Daesang Holdings. The transaction is expected to close on November 30, 2021.
Daesang Holdings Co., Ltd. (KOSE:A084690) completed the acquisition of 70% stake in Crystal Farms Co.,Ltd. on November 30, 2021.
DAESANG HOLDINGS CO., LTD is a Korea-based holding company engaged in the management of its subsidiaries. The Companyâs subsidiaries consist of Daesang Corporation, engaged in the manufacturing and sale of processed food products such as processed food and starch products; Daesang Information Tech., engaged in software consulting and development business; SANGAM COMMUNICATIONS.INC, engaged in the advertising agency business; Dongseo Construction CO.,Ltd, engaged in the construction and engineering business; Agronix Corporation, engaged in wholesale and retail of agricultural products; CHOROKMAEUL CO.,LTD., engaged in the distribution of environment-friendly agricultural products, and Daesang HS Co., Ltd., engaged in the food store business.