[Alpha Biz=(Chicago) Reporter Kim Jisun] Kwangdong Pharmaceutical announced on the 2nd that it has signed a contract to acquire BL Healthcare, a health functional food company.

Kwangdong Pharmaceutical signed a memorandum of understanding with BL Farmtech, the largest shareholder of BL Healthcare, on the 4th to acquire a 58.74% stake in BL Healthcare.

The number of acquisition formulas is 6,211,054 shares and the acquisition amount is 30 billion won.

BL Healthcare is a company specializing in health functional foods and has also entered the bio new material research and functional cosmetics business.

Kwangdong Pharmaceutical said it will create synergy with existing businesses by securing managerial control of BL Healthcare.

 

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