[Asia Economy Reporter Lim Chunhan] CJ CheilJedang announced on the 16th that it will additionally acquire 438,000 shares of its US-based affiliate, the special purpose company 'CJ Foods America Holdings,' for approximately 489.6 billion KRW.
After the stock acquisition, the shareholding ratio will be 100%. The scheduled date for the stock acquisition is the 15th of next month.
CJ CheilJedang stated that the purpose of this stock acquisition is the "acquisition of 27.14% stake in CJ Foods America."
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