Daehan Je-dang, Physical Division of Feed Business Sector

Enhancing Business Competitiveness to Increase Corporate and Shareholder Value

[Asia Economy Reporter Lim Hye-sun] Daehan Je-dang Co., Ltd. announced on the 12th that it held a board meeting and resolved to simply spin off its domestic feed business division, which is engaged in feed manufacturing and sales.

The purpose of this spin-off is to establish an independent and swift decision-making management system for the feed business division, enabling flexible response to changes in the livestock market environment and regulations, and to strengthen competitiveness.

Through this, Daehan Je-dang plans to further increase profitability by focusing on its core businesses such as the food business, improve its financial structure, and do its best to enhance corporate value and shareholder value.

The feed business division is expected to operate as a wholly-owned subsidiary of Daehan Je-dang starting from January next year, following a resolution at the extraordinary general meeting of shareholders to be held next month.

Daehan Je-dang entered the feed business in 1979 under the ‘Mujigae Feed’ brand and has contributed to the development of the domestic livestock industry for 42 years. In 1996, it expanded into China and currently operates Tianjin Caihong Feed Co., Ltd. and Qingdao Caihong Feed Co., Ltd.

A Daehan Je-dang official said, “This spin-off is part of the management efficiency efforts that Daehan Je-dang has been continuously pursuing in recent years, and it will be a turning point for the feed business division to achieve qualitative growth through enhanced competitiveness.”

This content was produced with the assistance of AI translation services.