Ewha Electric "Additional Acquisition of Subsidiary EID Shares for 30 Billion KRW"

[Asia Economy Reporter Lee Seon-ae] Ewha Electric announced on the 18th that it will additionally acquire 62,240,663 shares of its affiliate EID, which is engaged in fuel wholesale, OMS cosmetics manufacturing, sales, and import-export business, for approximately 30 billion KRW. After the stock acquisition, Ewha Electric's stake in EID will be 19.4%. The scheduled date for the stock acquisition is the 22nd of next month. Ewha Electric explained that this is to "secure a stake for expected investment returns and to strengthen the governance structure."