Ssangyong C&E Acquires Additional 30 Billion KRW Shares of Affiliate GreenVain

[Asia Economy Reporter Lim Chunhan] Ssangyong C&E announced on the 16th that it will additionally acquire 300,000 shares of its investment affiliate GreenVain, a corporation engaged in waste intermediate treatment business and related operations, for 30 billion KRW.

After the stock acquisition, Ssangyong C&E's stake in GreenVain will reach 100%. The scheduled date of stock acquisition is the same day as the announcement.

Ssangyong C&E stated that the purpose of this stock acquisition is "to secure funds for acquiring the waste intermediate treatment company GreenVain, a subsidiary."