Deuk-Soo Jang acquired 9.74% stake in Daedong Korea Ginseng Co.,Ltd. from Sung-Geun Choi and Soon Choi for KRW 1.5 billion.
June 24, 2015 at 12:00 am
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Deuk-Soo Jang acquired 9.74% stake in Daedong Korea Ginseng Co.,Ltd. from Sung-Geun Choi and Soon Choi for KRW 1.5 billion in cash on June 18, 2015. Soon Choi sold 0.2 million shares at the price of KRW 3,500 per share and reduced holding to 1.8 million shares. Sung-Geun Choi sold 0.23 million shares at the price of KRW 3,500 per share and reduced holding to 2.17 million shares.
Deuk-Soo Jang completed the acquisition of 9.74% stake in Daedong Korea Ginseng Co.,Ltd. from Sung-Geun Choi and Soon Choi on June 18, 2015.
DAEDONG KOREA GINSENG CO.,LTD is a Korea-based company mainly engaged in the production and sale of red ginseng products. The main products include red ginseng concentrate, red ginsengs, red ginseng powder, dried processed ginsengs. The main products are sold under the name of Duham. In addition, the Company is involved in the production and sale of pouch products, red ginseng tea, red ginseng candies, beauty products, red ginseng capsules, as well as red ginseng capsule premium, red ginseng concentrate under the name of SAPONIE X. Beauty products include red ginseng soaps and red ginseng liquid soap. The Company distributes its products within the domestic market and to overseas markets, including Asia, America, and Europe.
DAEDONG KOREA GINSENG CO., LTD. 
