Hyundai Green Food Co.,Ltd. completed the acquisition of 28.3% stake in Ezwel Co., Ltd. from INJ Investment Management, Kim Sang-Vong, Im Jin-Hong, Cha Young-Hee, Chalet Korea, Jo Hyeon-Cheol and Oh Jeong-Gu.
January 24, 2021
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Hyundai Green Food Co.,Ltd. (KOSE:A005440) signed a contract to acquire 28.3% stake in Ezwel Co., Ltd. (KOSDAQ:A090850) from INJ Investment Management, Kim Sang-Vong, Im Jin-Hong, Cha Young-Hee, Chalet Korea, Jo Hyeon-Cheol and Oh Jeong-Gu for approximately KRW 130 billion on December 15, 2020. Hyundai Green Food will acquire 6.7 million shares of Ezwel. INJ Investment Management, Kim Sang-Vong, Im Jin-Hong, Cha Young-Hee, Chalet Korea, Jo Hyeon-Cheol and Oh Jeong-Gu will sell 1.2 million shares, 4.8 million shares, 0.1 million shares, 0.2 million shares, 0.2 million shares, 0.07 million shares and 0.1 million shares respectively. The transaction is expected to close January 25, 2021.
Hyundai Green Food Co.,Ltd. (KOSE:A005440) completed the acquisition of 28.3% stake in Ezwel Co., Ltd. (KOSDAQ:A090850) from INJ Investment Management, Kim Sang-Vong, Im Jin-Hong, Cha Young-Hee, Chalet Korea, Jo Hyeon-Cheol and Oh Jeong-Gu on January 25, 2021. The transaction was self funded by Hyundai Green. Kim Sang-yong sold 4,846,086 shares, INJ Investment sold 1,150,910, Im Jin-hong sold 132,000, Cha Young-hee sold 212,000, Chalet Korea sold 190,400, Jo Hyun-cheol sold 69,600, while Oh Jeong-gu sold 110,000 shares of Ezwel, and they all ceased to be shareholders as a result of transaction.
Hyundai Ezwel Co Ltd, formerly Ezwel Co Ltd, is a Korea-based company primarily engaged in the provision of welfare services. The Company conducts businesses related to corporate and social welfare services such as selective welfare, welfare packages, and public welfare services. In addition, the Company, along with its subsidiaries, is involved in the development and consultation of software related to selective welfare projects, the operation of e-commerce, the provision of comprehensive medical information and employee assistance programs (EAPs), mental health care services, and travel tourism services. In addition, the Company is engaged in investments and the business of real estate construction and rental.
Hyundai Green Food Co.,Ltd. completed the acquisition of 28.3% stake in Ezwel Co., Ltd. from INJ Investment Management, Kim Sang-Vong, Im Jin-Hong, Cha Young-Hee, Chalet Korea, Jo Hyeon-Cheol and Oh Jeong-Gu.
HYUNDAI EZWEL CO.,LTD. 
