KT&G "FCP's proposal to acquire Ginseng Corporation is one-sided..."Look at the content"

KT&G said it was a unilateral disclosure in connection with activist funds Flash Light Capital Partners and FCP's bid to acquire its subsidiary KGC Ginseng Corporation.

KT&G said in a statement today (14th) that the proposed acquisition of its subsidiary was disclosed without any discussion with the company, but that it will fully examine the contents of the proposal.

Last year, he announced a plan to foster KGC Ginseng Corporation's health functional food business as one of the three core businesses, adding that he would do his best to achieve his goal.

Earlier today morning, FCP issued a press release and announced that it had sent KT&G a letter of intent to acquire a 100% stake in KGC for 1.9 trillion won.