LG Household & Health Care Ltd. acquired remaining 40% stake in Genstory Co., Ltd. from Macrogen, Inc. for KRW 4.5 billion.
June 09, 2019
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LG Household & Health Care Ltd. (KOSE:A051900) acquired remaining 40% stake in Genstory Co., Ltd. from Macrogen, Inc. (KOSDAQ:A038290) for KRW 4.5 billion on June 7, 2019. As per the transaction, LG Household & Health Care Ltd. acquired remaining 0.01 million shares at KRW 450000 per share. Post completion, LG Household & Health Care Ltd. hold 0.025 million shares representing 100% stake while no stake held by Macrogen, Inc. in Genstory Co., Ltd.
LG Household & Health Care Ltd. (KOSE:A051900) completed the acquisition of remaining 40% stake in Genstory Co., Ltd. from Macrogen, Inc. (KOSDAQ:A038290) on June 7, 2019.
Macrogen, Inc. is a Korea-based company mainly engaged in the customized transgenic and other services in the field of biomedical research. The Company operates its business through four divisions: deoxyribonucleic acid (DNA) sequencing division, DNA chips division, transgenic and knockout mouse division and oligonucleotide DNA division. Its DNA sequencing division provides genome sequencing analysis services. Its DNA chips division develops DNA chips products, such as Illumina chips, MacArray chips and customized chips. Its transgenic and knockout mouse division offers gene engineering services. Its oligonucleotide DNA division offers oligonucleotide DNA manufacturing services. The Company operates its business within domestic market and in overseas markets.