AJ Networks Disposes 50 Billion KRW Worth of Shares in Affiliate AJ Total Co., Ltd.

[Asia Economy Reporter Gong Byung-sun] AJ Networks announced on the 15th that it has decided to dispose of shares of its affiliate, AJ Total Co., Ltd., for 50 billion KRW.

This corresponds to 3.15% of its equity capital. The purpose of the share disposal is the paid-in capital reduction of AJ Total Co., Ltd. AJ Total Co., Ltd. is engaged in the rental business of refrigerated and frozen warehouses and food processing.