HLB GLOBAL Co., Ltd. acquired 37.55% stake in Fresico Co., Ltd. from Jinsoo Hwang and 11 others for approximately KRW 20,392 million.

HLB Global Co Ltd, formerly Next Science Co Ltd, is a Korea-based company principally is engaged in the manufacture and sale of food and beverage. The Company operates its business through three segments. The Food and Beverage Retail Business segment is engaged in the manufacture and sale of fermented milk, confectionery, jam syrup for ice cream and fermented beverage. The Resource Business segment is engaged in the manufacture and sale of aggregates. The Cosmetics Business segment is engaged in the businesses including cosmetics manufacturing and sale, health functional food sale, among other businesses.