Hyundai Feed's Largest Shareholder Transfers 71% Stake to Canaria Bio and Others
[Asia Economy Reporter Hwang Yoon-joo] The largest shareholder of Hyundai Feed will change to ㈜Canaria Bio (formerly Duol Mulsan) and Widefield Association.
Hyundai Feed announced on the 21st that the largest shareholder Moon Hyun-wook and two others, along with other shareholders, will transfer 71.07% of the total issued shares (4,371,093 common shares) to ㈜Canaria Bio, Widefield Association, and Highland Consortium No.1 Association.
The transfer price per common share is 22,877 KRW, and the total transfer amount is 100 billion KRW. The payment amounts are 70 billion KRW from Canaria Bio, 20 billion KRW from Widefield Association, and 10 billion KRW from Highland Consortium No.1 Association.
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According to the transfer contract, the scheduled date for the change of the largest shareholder is May 4, 2022, and the ownership ratio of the largest shareholders (Canaria Bio 49.75%, Widefield Association 14.21%) will be 63.96%.
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