Dongwon F&B Co., Ltd. completed the acquisition of Geumcheon Co., Ltd.
September 23, 2015 at 12:00 am EDT
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Dongwon F&B Co., Ltd. (KOSE:A049770) agreed to acquire Geumcheon Co., Ltd for KRW 45.2 billion on August 21, 2015. Dongwon F&B Co., Ltd was selected as the preferred bidder. Dongwon F&B Co., Ltd. is acquiring 50000 shares of Geumcheon Co., Ltd. For the period ending December 31, 2014, Geumcheon Co., Ltd reported total assets of CNY 23.4 billion, net liabilities of CNY 15.66 billion, sales of CNY 115.99 billion and net profit of CNY 22.7 billion.
Dongwon F&B Co., Ltd. (KOSE:A049770) completed the acquisition of Geumcheon Co., Ltd on September 23, 2015.
Dongwon F&B Co Ltd is a Korea-based company principally engaged in the food processing. The Company operates its business through four segments. The General Food segment is mainly engaged in the manufacture and sale of canned tuna, canned seafood, sauces, bread crumbs, beverages and frozen products. The Seasoning Distribution segment is mainly engaged in the manufacture and distribution of spice products and other spice products and sauces products. The Feed segment mainly provides feeds for poultry, swine and cattle. The Other segment is engaged in the product agency.