Brief: Homecast to invest 1.03 bln won in Hbion USA for joint project

Homecast Co

07/11/2016 07:40

Nov 7 (Reuters) - Homecast Co Ltd  064240.KQ   
 
    * Says it will invest 1.03 billion won in Hbion USA,Inc, 
which is engaged in animal cloning and stem cell cosmetics 
business, for joint business in U.S. market  
    * Says it will acquire 50 percent stake(50,000 shares) in 
Hbion USA,Inc and will hold 50 percent stake in Hbion USA,Inc, 
after the transaction 
    * Says expected transaction settlement date is Nov. 18 
     
     
    Source text in Korean: https://goo.gl/hdw2HQ 
    Further company coverage:  064240.KQ   
 
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