Brief: Ajinomoto plans JV in S.Korea with NongShim

Nongshim

21/12/2017 06:34

Dec 21 (Reuters) - Ajinomoto Co Inc  2802.T  : 
       
    * Says it plans to set up a joint venture AJINOMOTO NONGSHIM 
FOODS 
CO LTD in South Korea, jointly with South Korean firm Nongshim 
Co Ltd  004370.KS   
    * JV will be mainly engaged in powder soup manufacturing 
business  
    * JV will be capitalized at 13 billion won (about 1.3 
billion 
yen), and the company and Nongshim will own a 51 percent stake 
and a 49 percent stake in it respectively  
    
 
    Source text in Japanese: https://goo.gl/y9H5uA 
    Further company coverage: 2802.T  004370.KS  
 
 (Beijing Headline News) 
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