November 7, 2016 / 7:42 AM / 10 months ago

BRIEF-Homecast to invest 1.03 bln won in Hbion USA for joint project

Nov 7 (Reuters) - Homecast Co Ltd

* Says it will invest 1.03 billion won in Hbion USA,Inc, which is engaged in animal cloning and stem cell cosmetics business, for joint business in U.S. market

* Says it will acquire 50 percent stake(50,000 shares) in Hbion USA,Inc and will hold 50 percent stake in Hbion USA,Inc, after the transaction

* Says expected transaction settlement date is Nov. 18

Source text in Korean: goo.gl/hdw2HQ

Further company coverage: (Beijing Headline News)

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