Industry
Harim Industries approves horizontal spin-off separating real estate development and food
Harim Industries will separate its real estate development and food businesses into two companies. Harim Industries, a wholly owned unit of Harim Holdings, approved a horizontal spin-off by business division at a board meeting on Oct. 26, it disclosed. The existing Harim Industries will handle only real estate development, while the food business will be transferred to a new company, Harim Foods. The split is expected to be completed on Dec. 1 after a subsidiary shareholders meeting on Oct. 27.
