Kunbo Co., Ltd. acquired 3.9% stake in Daedong Korea Ginseng Co., Ltd. from NAU AgriFood Fund 2, fund of Nau IB Capital, Investment Arm for KRW 1.5 billion.
September 07, 2020
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Kunbo Co., Ltd. acquired 3.9% stake in Daedong Korea Ginseng Co., Ltd. (XKON:A178600) from NAU AgriFood Fund 2, fund of Nau IB Capital, Investment Arm for KRW 1.5 billion on August 31, 2020. Kunbo acquired 0.2 million shares at an offer per share of KRW 6500.
Kunbo Co., Ltd. completed the acquisition of 3.9% stake in Daedong Korea Ginseng Co., Ltd. (XKON:A178600) from NAU AgriFood Fund 2, fund of Nau IB Capital, Investment Arm on August 31, 2020.
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.
Kunbo Co., Ltd. acquired 3.9% stake in Daedong Korea Ginseng Co., Ltd. from NAU AgriFood Fund 2, fund of Nau IB Capital, Investment Arm for KRW 1.5 billion.
DAEDONG KOREA GINSENG CO., LTD. 
