Haitai Confectionery Transfers Shares of Haitai Ice Cream to Binggrae
[Asia Economy Reporter Jang Sehee] Haitai Confectionery & Foods announced on the 31st that it will transfer all 1 million shares of its affiliate Haitai Ice Cream to Binggrae for 140 billion KRW.
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The company stated the purpose of the transfer as "to secure cash liquidity, improve financial structure, and enhance the efficiency of the snack factory."
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