|Decision on the acquisition of other company shares (CJ Foods DE Corp.) 2018.11.15|
* Related matter on CJ Foods DE Corp.
1. Issuing company profile
- Name: Schwan's Company, U.S.
- Representative director: Dimitrios Smyrnios
- Paid-in capital: KRW 68,366,397
- No. of shares issued: 6,037,301 common shares
- Main business: Food manufacturing
- No. of shares to be acquired: 6,036,385 shares
- Acquisition cost: KRW 2,088,145.6 million (12.38% of shareholders' equity)
3. Total number of shares after the acquisition: 6,036,385 shares (Ownership: 99.98%)
4. Method: Cash investment
5. Purpose: Accelerating global food business by entering the U.S. market
6. Scheduled date of acquisition: -
7. Date of conclusion by the BOD: Nov. 15, 2018