CJ CheilJedang "No decision has been made on the sale of bio business."

Regarding some media reports that CJ CheilJedang is seeking to sell its bio division, it said no specific decision has been made so far.

CJ CheilJedang announced today (19th) that it is reviewing various strategic measures for its bio business and will notify you again when the details are decided or within a month.

CJ CheilJedang is reportedly in contact with a private equity fund to sell its Green Bio business, which produces additives for animal feed.

CJ's market share of amino acid items for feed is the world's No. 1, and some predict that the ransom will reach trillions of won if sold.

With such expectations, CJ CheilJedang shares closed up 5.05% on the KOSPI market today from yesterday, and its subsidiary CJ Bioscience hit the upper limit on the KOSDAQ market.