Namyang Dairy Signs Conditional Deal to Sell Controlling Stake to Dayou Winia
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s No. 2 dairy company, Namyang Dairy Products Co., said Friday that its controlling shareholders — Chairman Hong Won-sik and his family — have signed a deal to sell the company’s management rights and majority stake to mid-sized local business group Dayou Winia Group. Namyang said the sale [...]