Korea Exchange Bank, Investment Arm acquired 0.84% stake in Daedong Korea Ginseng Co.,Ltd. from DS Investment Management Co., Ltd. for approximately 410 million.
September 01, 2016
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Korea Exchange Bank, Investment Arm acquired 0.84% stake in Daedong Korea Ginseng Co.,Ltd. from DS Investment Management Co., Ltd. for approximately 410 million on July 29, 2016. Korea Exchange Bank, Investment Arm acquired 0.05 million shares of Daedong Korea Ginseng at a price per share of KRW 8,245. Post-completion, DS Investment Management Co., Ltd will hold 8.87% stake in Daedong Korea Ginseng Co.
Korea Exchange Bank, Investment Arm completed the acquisition of 0.84% stake in Daedong Korea Ginseng Co.,Ltd. from DS Investment Management Co., Ltd. on July 29, 2016.
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.
Korea Exchange Bank, Investment Arm acquired 0.84% stake in Daedong Korea Ginseng Co.,Ltd. from DS Investment Management Co., Ltd. for approximately 410 million.
DAEDONG KOREA GINSENG CO., LTD. 
