Hyundai Green Food Co.,Ltd. cancelled the acquisition of WiniaMando Inc. from CVC Capital Partners Limited.
September 05, 2014 at 09:30 am IST
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Hyundai Green Food Co.,Ltd. (KOSE:A005440) signed a memorandum of agreement to acquire WiniaMando Inc. from CVC Capital Partners Limited for KRW 150 billion on August 7, 2014. For 2013, WiniaMando reported revenues of KRW 412.9 billion and operating profit of KRW 17.2 billion The contract would be signed after Hyundai completes its due diligence on WiniaMando. Ernst & Young, Korea acted as the accountant to Hyundai Green Food Co.,Ltd.
Hyundai Green Food Co.,Ltd. (KOSE:A005440) cancelled the acquisition of WiniaMando Inc. from CVC Capital Partners Limited on September 5, 2014.
Winia Co Ltd, formerly WiniaDimchae Co Ltd, is a Korea-based company principally is engaged in the manufacture and sale of home appliances. The Company is engaged in the manufacture and sale gourmet appliances including kimchi refrigerators, rice cookers and others. In addition, the Company is engaged in the manufacture and sale of kitchen and home appliances including air conditioners, refrigerators, air cleaners, washing machines and others.