[Alpha Biz= Reporter Kim Jisun] Daesang announced that it has acquired a 20% stake in Chengfu, a Chinese L-lysine production company.

According to the Financial Supervisory Service's electronic disclosure system on the 20th, Daesang invested 8.8425 billion KRW to purchase the 20% stake in Chengfu.

Daesang explained, "The purpose of acquiring the stake is to use it as a base for supplying functional feed amino acids through a minority equity investment."

Through this acquisition, Daesang plans to establish a manufacturing base in China and expand its amino acid business.

The stake acquisition had been postponed three times since 2022 before being completed on this day.

 

 

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