Hyundai Green Food Co.,Ltd. acquired remaining 49% stake in Magnolia Korea Co.,Ltd. from Sweet Asia Limited for KRW 45 million.
April 02, 2020
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Hyundai Green Food Co.,Ltd. (KOSE:A005440) acquired remaining 49% stake in Magnolia Korea Co.,Ltd. from Sweet Asia Limited for KRW 45 million on March 30, 2020. As per terms, Hyundai Green Food Co.,Ltd. acquires 0.22 million shares for KRW 204.66 per share. Post acquisition, Hyundai Green Food Co.,Ltd. holds 100% stake in Magnolia Korea Co.,Ltd.
Hyundai Green Food Co.,Ltd. (KOSE:A005440) completed the acquisition of remaining 49% stake in Magnolia Korea Co.,Ltd. from Sweet Asia Limited on March 30, 2020.
Hyundai GF Holdings Co Ltd, formerly Hyundai Green Food Co Ltd, is a Korea-based company primarily providing food services. The Company operates its business through seven segments. The Food Service segment provides group meal service for dormitories, schools, and other social welfare facilities. The Furniture segment manufactures and sells office and home furniture. The Corporate Sales segment engages in the purchase and sale of materials, including corporate production items, uniforms, and raw materials. The Food Ingredients segment is engaged in the operation of traditional markets, discount stores, and food ingredient stores, and delivery of food ingredients. The Heavy Equipment segment engages in the manufacture and sale of construction machinery. The Distribution segment distributes industrial and raw food products such as home appliances, food and miscellaneous goods. The Other segment engages in the real estate leasing business.
HYUNDAI G.F. HOLDINGS CO., LTD. 
