[Asia Economy Reporter Jang Hyowon] CJ ENM announced on the 6th that it will sell 2,247,710 shares (8%) of its subsidiary Studio Dragon for 165.880998 billion KRW.
This represents 5.26% of CJ ENM's equity capital. After the disposal, CJ ENM will hold 16,347,472 shares (58.18%) of Studio Dragon.
CJ ENM stated, "The sale of Studio Dragon shares is aimed at securing investment funds to strengthen future growth and business competitiveness."
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