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The Korea Herald
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THE INVESTOR
April 26, 2024

Market Now

Teems takes over Cidiz chair biz at W32.5b

  • PUBLISHED :December 13, 2017 - 18:29
  • UPDATED :December 13, 2017 - 18:29
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[DISCLOSURE] Teems (134790) announced on Dec. 13 that it has decided to take over chair manufacturing and distribution business from its largest stakeholder Cidiz at 32.53 billion won (US$29.77 million) “to promote shareholder values through expanding businesses.”

The due date for acquisition is April 1, 2018.

By Hwang You-mee (glamazon@heraldcorp.com)

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