Kyongnam Wool Co., Ltd. cancelled the acquisition of Seolim Hipack Co., Ltd. from SILLA SG Co., Ltd..
November 05, 2020
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Kyongnam Wool Co., Ltd. agreed to acquire Seolim Hipack Co., Ltd. from SILLA SG Co., Ltd. (KOSDAQ:A025870) for KRW 1.8 billion on October 31, 2019. Kyongnam Wool acquired 161,500 shares. The shares of Seolim Hipack owned by SILLA SG will disappear and SILLA SG will receive the corresponding shares of Kyongnam Wool. The shareholders meeting for the transaction will be held on November 5, 2019.
Kyongnam Wool Co., Ltd. cancelled the acquisition of Seolim Hipack Co., Ltd. from SILLA SG Co., Ltd. (KOSDAQ:A025870) on November 5, 2020.
SILLA SG CO., LTD. is a Korea-based company engaged in the manufacture and distribution of processed seafood and meats. The Company mainly operates in two divisions. The food manufacturing division produces crab meat, fish cakes, fish sausages, salted fish, pickled food, fish pastes and others. The wholesale and retail division distributes imported beef and pork from the United States, Australia, New Zealand and Europe to domestic market, as well as pollack roe and other aquatic products. It also involves in the leasing business for food storage use. The Company's main clients are CJ CHEILJEDANG CORP. and others.
SILLA SG CO., LTD. 