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[Market Now] Hite Jinro Holdings fails to reach deal to sell subsidiary
By Korea HeraldPublished : April 20, 2016 - 17:54
Hite Jinro Holdings, the parent company of alcoholic beverage maker Hite Jiro, said it has ended negotiations with Changhae Ethanol for selling its wholly owned subsidiary Hite Jinro Ethanol, a soju raw materials maker.
In a public filing, Hite Jinro Holdings said it has failed to narrow the differences with the bio-ethanol producer on sales conditions.
However, Hite Jinro Holdings will continue its efforts to sell Hite Jinro Ethanol, the company said.
By Kim Yoon-mi (yoonmi@heraldcorp.com)
In a public filing, Hite Jinro Holdings said it has failed to narrow the differences with the bio-ethanol producer on sales conditions.
However, Hite Jinro Holdings will continue its efforts to sell Hite Jinro Ethanol, the company said.
By Kim Yoon-mi (yoonmi@heraldcorp.com)
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Articles by Korea Herald
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