Hyosung Chemical Acquires 27.3% Stake in Polyphenol Factory for 3 Billion KRW

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Hyosung Chemical announced on the 30th that it will acquire a 27.27% stake (24,900 shares) in Polyphenol Factory, a functional cosmetics manufacturing and sales company, for approximately 3 billion KRW.

The acquisition will be made entirely in cash, with the expected acquisition date set for September 23.

Hyosung Chemical stated that the purpose of this stock acquisition is "expectation of future investment returns."

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