Inbiogen Acquires Vident Shares Worth 30 Billion KRW

[Asia Economy Reporter Minji Lee] Inbaeogen announced on the 19th that it acquired approximately 1.93 million shares of Bident worth 30 billion KRW. After the acquisition, the ownership stake is 16.69%.

The company stated, "This is for business diversification and strengthening management control," and added, "We acquired convertible preferred shares through a third-party allotment paid-in capital increase."