Maniker Co., Ltd. cancelled the acquisition of Sunghwa Food Co., Ltd.
March 09, 2018
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Maniker Co., Ltd. (KOSE:A027740) agreed to acquire Sunghwa Food Co., Ltd. for KRW 9.1 billion in cash on March 10, 2017. Maniker Co., Ltd. will acquire 1.05 million shares. Board of Directors of Maniker Co., Ltd. made a resolution in favor of the transaction on March 10, 2017. The scheduled acquisition date is March 10, 2017. As on March 23, 2017, expected date of closing extended to May 31, 2017.
Maniker Co., Ltd. (KOSE:A027740) cancelled the acquisition of Sunghwa Food Co., Ltd. on March 10, 2018.
MANIKER.CO.,LTD is a Korea-based company mainly engaged in the manufacturing and distributing of chicken products. The Company mainly provides fresh meat such as whole chicken used for home cooking, partial meat, organic livestock products, marinated meat, fried meat and processed meat including barbeque meat, chicken hams and sausages, fried chicken, meatballs and salted meat. The Company also provides live chickens, chicks and rendering feeds. Along with its subsidiaries, the Company operates its business through four segments: chicken manufacture segment, which manufactures chicken products; livestock segment, which is engaged in manufacturing of hatching eggs; chicken processing segment, which is engaged in the manufacture of processed products, and museum segment, which operates museums and chain stores.
MANIKER.CO.,LTD 
