AJ Networks Sells AJ Capital for 35.6 Billion KRW

[Asia Economy Reporter Junho Hwang] AJ Networks held a board meeting and announced on the 19th that it will sell 10.01 million shares (100%) of AJ Capital Partners Co., Ltd. to H Asset Management Co., Ltd. and Rio Invest Co., Ltd. The sale price is 35.6 billion KRW, and the scheduled disposal date is April 9. AJ Networks made this decision at a board meeting held the previous day to improve business efficiency and corporate governance. The final sale, with full payment of the purchase price, is expected to take place on April 9. The shares and beneficiary certificates related to Modurenal held by AJ Networks were excluded from this transaction.