Shinsegae Acquires 833,000 Shares of Gwangju Shinsegae for 228.5 Billion KRW

[Asia Economy Reporter Han Jinju] Shinsegae announced on the 14th that it acquired 833,330 shares of Gwangju Shinsegae on the market for 228.5 billion KRW to expand its control over Gwangju Shinsegae and simplify its governance structure. After the acquisition, Shinsegae's stake stands at 62.50%.