Min&Z, Decides to Acquire 6.37% Stake in BioEleven Worth Approximately 10 Billion KRW
[Asia Economy Reporter Minwoo Lee] Min&Ji announced on the 23rd that it has decided to acquire a 6.37% stake (236,406 shares) in its affiliate, health functional food sales company Bioeleven, for approximately 10 billion KRW. As a result, Min&Ji's stake in Bioeleven will increase from 29.11% to 35.48%.
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Min&Ji explained, "The acquisition was carried out through a third-party allotment paid-in capital increase conducted by Bioeleven (100% allocated to Min&Ji)."
This content was produced with the assistance of AI translation services.
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