Ildong Holdings Co., Ltd. completed the acquisition of 19.25% stake in Ildong Pharmaceutical Co., Ltd. for KRW 65.4 billion.
Ildong Holdings Co., Ltd. (KOSE:A000230) completed the acquisition of 19.25% stake in Ildong Pharmaceutical Co., Ltd. (KOSE:A249420) from CMJC Co., Ltd., Im, Kyungja and Yoon, Wonyoung for KRW 65.4 billion on March 28, 2017. As per the amendment terms at closing, Ildong Holdings Co., Ltd. will acquire 19.25% stake in Ildong Pharmaceutical and issue 3.2 million shares to acquire 3.4 million shares for KRW 19,035 per share. Ildong Holdings acquired 1.24 million, 0.48 million and 1.14 million from CMJC Co., Ltd., Im, Kyungja and Yoon, Wonyoung.