Yuanta Secondary No.2 Fund, fund managed by Yuanta Investment acquired 8.2% stake in S & D Co., Ltd. from CAPE Investment & Securities Co.,Ltd., Investment Arm for KRW 2.1 billion.
January 02, 2018
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Yuanta Secondary No.2 Fund, fund managed by Yuanta Investment acquired 8.2% stake in S & D Co., Ltd. (XKON:A260970) from CAPE Investment & Securities Co.,Ltd., Investment Arm for KRW 2.1 billion on December 21, 2017. Under the terms of the transaction, Yuanta Secondary No.2 Fund, fund managed by Yuanta Investment acquired 0.03 million shares for KRW 0.08 million each.
Yuanta Secondary No.2 Fund, fund managed by Yuanta Investment completed the acquisition of 8.2% stake in S & D Co., Ltd. (XKON:A260970) from CAPE Investment & Securities Co.,Ltd., Investment Arm on December 21, 2017.
S&D Co., Ltd is a Korea-based company mainly engaged in the production and sale of seasoning food materials. The Company operates its business through four segments. The Seasoning Food Material segment is involved in the manufacturing and sale of seasoning raw materials made from concentrated aquatic products. The seasonal food materials include grilled chicken concentrate, and Cheongyang red pepper seasoning powder. The Health Functional Food Material segment is involved in the manufacturing and sale of health functional food materials from natural products through biotechnology. The Bio Industry Material Segment manufactures and sells functional materials used in food, cosmetics, and drugs. The Other segment is subcontracted sale of products.
Yuanta Secondary No.2 Fund, fund managed by Yuanta Investment acquired 8.2% stake in S & D Co., Ltd. from CAPE Investment & Securities Co.,Ltd., Investment Arm for KRW 2.1 billion.