Hyung Kuk F&B Co., Ltd. agreed to acquire 75% stake in Taylor Farms Co., Ltd. from a group of shareholders for KRW 22.5 billion.
June 23, 2021
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Hyung Kuk F&B Co., Ltd. (KOSDAQ:A189980) agreed to acquire 75% stake in Taylor Farms Co., Ltd. from a group of shareholders for KRW 22.5 billion on June 24, 2021. Hyung Kuk will acquire 0.15 million shares and the consideration will be paid in cash. For the year ended December 31, 2020, Taylor Farms had total assets of KRW 9.2 billion, sales of KRW 18.3 billion, total debt of KRW 1.5 billion and net income of KRW 1.9 billion. The transaction is expected to be completed by July 7, 2021. Charm Accounting Corporation acted as the external evaluation agency for the transaction.
Hyung Kuk F&B Co., Ltd. (KOSDAQ:A189980) completed the acquisition of 75% stake in Taylor Farms Co., Ltd. from a group of shareholders on June 24, 2021.
HYUNGKUK F&B Co., Ltd is a Korea-based company mainly engaged in manufacturing fruit concentrates for non-alcoholic beverages. The Companyâs product portfolio consists of fruit concentrates for beverages under the brand Momâs; smoothies under the brand NEO SMOOTHIE; extraction juices including fruit juices and vegetable juices; ice flakes with syrup; fruit topping products for beverages, and other beverage materials such as bubble tea powders and tapioca balls. The Company contributes its products within domestic market and to oversea markets.
HYUNGKUK F&B CO., LTD. 
