Brief: Maeil Dairy Industry to divest milk processing business into new subsidiary

Maeil Holdings

22/11/2016 07:58

Nov 22 (Reuters) - Maeil Dairy Industry Co Ltd  005990.KQ  : 
 
    * Says it will divest milk processing business into a new 
subsidiary, named Maeil Dairies Co., Ltd, for management 
efficiency improvement  
    * Says it will focus on investment business and subsidiary 
management and will change company name to Maeil Holdings Co., 
Ltd 
    * Says division ratio is 0.5268289:0.4731711 between Maeil 
Dairies Co., Ltd and Maeil Holdings Co., Ltd 
    * Says divesture effective date is May 1, 2017 and expected 
registered date is May 2, 2017 
 
    Source text in Korean: https://goo.gl/7Y2Te1 
    Further company coverage:  005990.KQ  
 
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