Cowell Fashion "Additional Acquisition of CF Investment Shares for 190 Billion KRW"

[Asia Economy Reporter Lee Seon-ae] Cowell Fashion announced on the 28th that it will additionally acquire 190,000 shares of CF Investment, a special purpose company (SPC) subsidiary for investment, for 190 billion KRW.

After the stock acquisition, Cowell Fashion's stake in CF Investment will become 100%. The scheduled date for the stock acquisition is the 5th of next month.

Cowell Fashion stated that the purpose of this stock acquisition is "to secure funds for acquiring shares of Logen Co., Ltd. by its subsidiary CF Investment Co., Ltd. and to repay borrowings."