Korea’s Gordon Ramsay speeds up move for $63 mn IPO

Quick Summary:

TheBorn Korea Inc., a leading South Korean food and beverage group operated by TV celebrity and chef Paik Jong-won, accelerated its move for an initial public offering as early as November to raise up to 84 billion won ($63.1 million) for business expansions through acquisitions and investments in food tech companies.

He produced his own original series Paik’s Spirit with the world’s top streaming service Netflix Inc.in 2021.“CEO Paik’s absence due to illness or accident could temporarily affect the brand value, profitability and growth potential,” said the company.“CEO Paik is not currently involved in any issues, which could affect his reputation.”By Jeong-Cheol Baebjc@hankyung.com Jongwoo Cheon edited this article.

TheBorn Korea’s founder and chief executive Paik, Gordon Ramsay of South Korea, has a 76.69% stake in the company, or 8.79 million shares, valued up to 236.2 billion won at the time of the IPO.

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Category: Economy

Markets: South Korea

Topics: Shares Billion Restaurant Paik Corp Food Million Korea Theborn Company Listing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 13:17:52 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

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