On Monday, the confectionery and beverage company announced that it would invest 550 billion won ($414 million) to acquire a 25 percent stake in LegoChem. It will secure the stake by participating in LegoChem’s paid-in capital increase and acquiring shares from major shareholders. The payment is due on March 29.
Orion Group Chairman Dam Chul-gon s oldest son, Dam Seo-won, seems to face obstacles on his way to inheriting the control of the food firm, according to industry officials, Thursday. Despite his promotion to an executive in the group s latest reshuffle, he still needs a significant amount of money to increase his stake in Orion Holdings, the group s holding firm that serves as the largest shareholder of Orion with a 37 percent stake.