Suheung Co., Ltd. completed the acquisition of 3.71% stake in Naturalendo Tech Co., Ltd..
November 04, 2015
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Suheung Co., Ltd. (KOSE:A008490) agreed to acquire 3.71% stake in Naturalendo Tech Co., Ltd. (KOSDAQ:A168330) for KRW 15 billion in cash on November 2, 2015. Under the terms of transaction Suheung acquired a total of 0.7 million share in Naturalendo. Suheung's Board of Directors passed a resolution for the transaction. The transaction is expected to close on November 2, 2015.
Suheung Co., Ltd. (KOSE:A008490) completed the acquisition of 3.71% stake in Naturalendo Tech Co., Ltd. (KOSDAQ:A168330) on November 4, 2015.
Naturalendo Tech Co.,Ltd. is a Korea-based company principally engaged in the research and development (R&D) and manufacture of hormone biotechnology products. The Company mainly provides novel phytoestrogen, which is applied in the treatment of climacteric. It also provides other hormonal formula, such as hormone disruptor inhibitor, secretagogue and inhibitor used as diet formula and growth hormone. In addition, the Company provides materials used for diet, and involves in the R&D of drug delivery systems, immune enhancer, atopy and acne, plantation factory, and others.