CJ CheilJedang Decides to Acquire 100% Stake in Subsidiary CJ Wellcare

[Asia Economy Reporter Lee Seon-ae] CJ CheilJedang announced on the 23rd that it has decided to acquire 1 million shares (100%) of its subsidiary CJ Wellcare.

The acquisition amount is 60.78212 billion KRW, which corresponds to 0.6% of the company's equity capital. The scheduled acquisition date is January 1, 2022.

The company stated, "This is for the establishment of a health business corporation through cash and in-kind contributions."