An unknown buyer agreed to acquire Shinsegae Foods, Inc. from SHINSEGAE FOOD Inc. (KOSE:A031440) for $22.9 million on February 25, 2022. As per the terms of the transaction, the buyer shall acquire 8,638 shares of Shinsegae Foods, Inc. The transaction was approved by the Board of Directors of SHINSEGAE FOOD Inc. The transaction is expected to close in early March of 2022. As per correction transaction is expected to completed on March 17, 2022.