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.