An undisclosed buyer completed the acquisition of Crystal Jade Korea. Co., Ltd from Maeil Holdings Co., Ltd..
December 14, 2023
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An undisclosed buyer agreed to acquire Crystal Jade Korea. Co., Ltd from Maeil Holdings Co., Ltd. (KOSDAQ:A005990) for on October 4, 2023. As of December 2022, Crystal Jade Korea. Co., Ltd generated, total assets of KRW 13.3 billion, total debt of KRW 7.2 billion and total capital of KRW 6.1 billion. As per the transaction, Maeil Holdings Co., Ltd. will dispose approximately 1.1 million shares of Crystal Jade Korea. Co., Ltd.
An undisclosed buyer completed the acquisition of Crystal Jade Korea. Co., Ltd from Maeil Holdings Co., Ltd. (KOSDAQ:A005990) on December 15, 2023.
Maeil Holdings Co Ltd, formerly Maeil Dairies Co Ltd, is a Korea-based company mainly engaged in the manufacture and marketing of dairy products. The Company's product portfolio consists of infant food, including powdered milk, baby food, functional powdered milk and others under the brand names of Absolute and Maeil Mamâma; milk, including regular milk, functional milk, sterilized milk and processed milk; fermented milk, including thick fermented milk, liquid fermented milk and stirred fermented milk, and beverages, including coffee beverages, soybean milk, cheese, wine and others. The Company also provides baby clothes and baby products. The Company distributes its products within domestic market and to overseas markets.