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Orion, a leading confectionary company, experienced a more than a 20 percent fall in its stock price, after the firm decided to expand into the biotech industry. ....
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. ....