Hahn & Company to take over embattled Namyang Dairy for ₩310.7 billion
The company put up stakes for sale Hahn & Company, the South Korean private equity investment firm specializing in buyouts and corporate restructurings, will be buying the combined 378,938 common shares that are owned by the company’s former chairman, Hong Won Sik, his wife, and his grandson. The Korea Herald reported that Namyang Dairy Product’s board agreed to put these stakes up for sale. The acquisition of the Namyang stakes came to light through the disclosure that was filed to the Financial Supervisory Service. It was further stated in the filing that although most of the family me...