Quro Holdings Acquires 4.4 Billion KRW Worth of Quro F&B Shares

[Asia Economy Reporter Han Jinju] Quro Holdings announced on the 4th that it will additionally acquire 8,819,971 shares of its coffee specialty subsidiary Quro F&B for approximately 4.4 billion KRW. After the acquisition, Quro Holdings' stake in Quro F&B will be 39.5%.

The company stated that the purpose of the stock acquisition is "to improve the financial structure and profitability of the affiliate company."