Sep 01, 2021 11:45 AM (GMT+8) · EqualOcean
Yonhap reported on September 1 that Hong Yuanzhi, President of Nanyang dairy, a South Korean dairy company, said that the company had notified Hahn & company, a private equity fund, to terminate the equity transfer contract, and the company would restart the sales procedure immediately after resolving relevant disputes. Nanyang dairy signed an agreement with Hahn & Company on May 27 to sell 53% of the company's shares held by Hong Yuanzhi and his family at a transfer price of 310.7 billion won (about 1.731 billion yuan).