Namyang Dairy Products Chairman Hong Won-sik has formally scrapped the takeover of the company he leads and controls, informing the buyer that the deal is off.
Hahn & Company sued the chairman of Namyang Dairy Products last week to get him to complete a sale of the company, as promised in May.
The chairman of Namyang Dairy Products offered to resign following claims that one of the company’s drinks protects against Covid-19 infections.
Korea JoongAng Daily Sitemap