Hallyu Ventures invests $13.8m in Korean coffee house
Singapore’s Hallyu Ventures will acquire a 38% stake in South Korean coffee shop operator Caffe Bene for a cash consideration of KRW16.6 billion ($13.8 million).
According to a market filing, the sale will include 33.2 million shares at KRW500 ($0.42) apiece for the company, which operates 1,600 locations worldwide. The investment is expected to allow Caffe Bene...
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