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CrystalGenomics buys Hwail for 46.8 billion won

Published: 2013-08-19 06:57:00
Updated: 2013-08-19 06:57:00
Korea’s emerging biotech company CrystalGenomics Inc. said Tuesday it reached a deal to buy Hwail Pharm, a pharmaceutical raw material manufacturer, for 46.8 billion won.

The stock purchase agreement calls for the takeover of a 21.66 percent stake in Hwail currently owned by Hwail’s two largest shareholders chairman Lee Joung-kyu (15.47 percent stake) and CEO Lee Lee Phil-joon (16.1 percent ...

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