ECO-MGI6 Industry Investments Fund acquired 0.94% stake in Daedong Korea Ginseng Co.,Ltd. from DS Investment Management Co., Ltd. for approximately KRW 500 million.
September 02, 2016
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ECO-MGI6 Industry Investments Fund acquired 0.94% stake in Daedong Korea Ginseng Co.,Ltd. from DS Investment Management Co., Ltd. for approximately KRW 500 million on August 29, 2016. ECO-MGI6 Industry Investments Fund acquired 0.06 million shares at a price of KRW 9,000 per share. Post-completion, DS Investment Management holds 0.47 million shares representing 7.9% stake in Daedong Korea Ginseng Co.
ECO-MGI6 Industry Investments Fund completed the acquisition of 0.94% stake in Daedong Korea Ginseng Co.,Ltd. from DS Investment Management Co., Ltd. on August 29, 2016.
DAEDONG KOREA GINSENG CO.,LTD is a Korea-based company mainly engaged in the production and sale of red ginseng products. The main products include red ginseng concentrate, red ginsengs, red ginseng powder, dried processed ginsengs. The main products are sold under the name of Duham. In addition, the Company is involved in the production and sale of pouch products, red ginseng tea, red ginseng candies, beauty products, red ginseng capsules, as well as red ginseng capsule premium, red ginseng concentrate under the name of SAPONIE X. Beauty products include red ginseng soaps and red ginseng liquid soap. The Company distributes its products within the domestic market and to overseas markets, including Asia, America, and Europe.
ECO-MGI6 Industry Investments Fund acquired 0.94% stake in Daedong Korea Ginseng Co.,Ltd. from DS Investment Management Co., Ltd. for approximately KRW 500 million.
DAEDONG KOREA GINSENG CO., LTD. 
