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BRIEF-Changhae Ethanol to fully acquire stake in Hitejinroe Thanol
May 24, 2016 / 3:06 AM / a year ago

BRIEF-Changhae Ethanol to fully acquire stake in Hitejinroe Thanol

May 24 (Reuters) - Changhae Ethanol Co., Ltd. :

* Says it will acquire entire 750,000 shares of Hitejinroe Thanol, an alcohol producing company, to boost competitiveness

* Says transaction price is 73.5 billion won

* To hold a 100 stake in target company after the acquisition

* Expects transaction settlement on July 29

Source text in Korean: me2.do/xPgMC3gb

Further company coverage: (Beijing Headline News)

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