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Orion seeks new growth engine via majority stake in LegoChem Biosciences

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. ....

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