Brief: CJ Freshway to buy 100 pct stake in Songlim Food for 34 bln won

CJ Freshway

09/11/2016 09:01

Nov 9 (Reuters) - CJ Freshway Corp  051500.KQ  : 
     
    * Says it will buy 1.4 million shares of Songlim Food Co., 
Ltd, which is engaged in manufacturing business of natural and 
mixture formula seasoning, to enter new market and strengthen 
competitiveness 
    * Says it will hold 100 percent stake(1.4 million shares) in 
Songlim Food Co., Ltd, after the transaction 
    * Transaction amount is 34 billion won  
    * Expected transaction settlement date is Nov. 30 
     
     
    Source text in Korean: https://goo.gl/guEls6 
    Further company coverage:  051500.KQ  
 
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