Sajo Seafood Co., Ltd. cancelled the acquisition of additional 10.1% stake in Dongaone Co.,Ltd. from Hi Sang lee, ANF Inc., Lee Gunhoon, Jung Younghwa and Lee Yoonhye.
April 07, 2017
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Sajo Seafood Co., Ltd. (KOSE:A014710) agreed to acquire an additional 10.1% stake in Dongaone Co.,Ltd. (KOSE:A008040) from Hi Sang lee, ANF Inc., Lee Gunhoon, Jung Younghwa and Lee Yoonhye for KRW 12.8 billion on April 8, 2016. Under the terms of the deal, 6.6 million shares will be acquired at an offer per share of KRW 1938. The resolution date of Board of Directors of Dongaone Co. is April 8, 2016. The scheduled acquisition date is April 8, 2016.
Sajo Seafood Co., Ltd. (KOSE:A014710) cancelled the acquisition of additional 10.1% stake in Dongaone Co.,Ltd. (KOSE:A008040) from Hi Sang lee, ANF Inc., Lee Gunhoon, Jung Younghwa and Lee Yoonhye on April 8, 2017.
SAJODONGAONE CO.,LTD, formerly DONGAONE CO.,LTD. is a Korea-based company mainly engaged in the manufacture of flour products and animal feeds. Its flour products business produces premium flours, all-purpose flours, cake flours, bread flours, organic flours, whole wheat flours, Woorimil flours, fiber sun flours, buckwheat flours and others. Its animal feeds business provides feeds for chickens, pigs, cattle, dogs, cats and fish. Through its subsidiaries, it also engages in the import and sale of cars under the brand name Ferarri and Maserati; grain business; development of overseas agricultural products, and manufacture of wines and others.
Sajo Seafood Co., Ltd. cancelled the acquisition of additional 10.1% stake in Dongaone Co.,Ltd. from Hi Sang lee, ANF Inc., Lee Gunhoon, Jung Younghwa and Lee Yoonhye.