[Asia Economy Reporter Myunghwan Lee] Hyungji Elite clarified on the 27th regarding a media report that it participated in the acquisition bid for Joheun Saramdeul, stating, "We submitted a letter of intent for the acquisition of Joheun Saramdeul to expand existing and new businesses, but nothing has been finalized regarding the acquisition decision or the acquisition price."
They added, "We will re-disclose when specific details are finalized or within one month."
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