CROWNHAITAI Holdings CO.,LTD. completed the acquisition of additional 36.7% stake in Crown Confectionery Co., Ltd. from Dura Foods Co., Ltd., Seokbin Yoon, and others.
October 18, 2017
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CROWNHAITAI Holdings CO.,LTD. (KOSE:A005740) made an offer to acquire additional 36.7% stake in Crown Confectionery Co., Ltd. (KOSE:A264900) for KRW 96.1 billion on August 16, 2017. Under the terms of the transaction, CROWNHAITAI Holdings offered to acquire 4.6 million shares at KRW 20,900 per share to be paid through issuance of new shares. If the accepted shares exceed the offered shares then the shares will be proportionally purchased. If the accepted shares are less than offered then accepted shares will be purchased. The tender offer period will start from September 22, 2017 and will end on October 13, 2017. Mirae Asset Daewoo Securities Co. Ltd. acted as broker in the transaction.
CROWNHAITAI Holdings CO.,LTD. (KOSE:A005740) completed the acquisition of additional 36.7% stake in Crown Confectionery Co., Ltd. (KOSE:A264900) from Dura Foods Co., Ltd., Seokbin Yoon, and others on October 19, 2017. Dura Foods Co., Ltd. transferred 21.64% and Seokbin Yoon transferred 2.74% stake through this transaction.
Crown Confectionery Co Ltd is a Korea-based company principally engaged in the production and distribution of confectionary products. The Company's products include biscuits, candies, chocolates, snacks, cakes, pies and other products. The Company mainly distributes its products under the brands name of Heim, Mini Shell, Mychew, Rice Snacks and others. In addition, the Company is engaged in consignment sales.
CROWNHAITAI Holdings CO.,LTD. completed the acquisition of additional 36.7% stake in Crown Confectionery Co., Ltd. from Dura Foods Co., Ltd., Seokbin Yoon, and others.