Megabox Jungang Sells Entire Stake in Jungang Multiplex Development

[Asia Economy Reporter Lee Jung-yoon] J Contentree announced on the 6th that its subsidiary Megabox Joongang has disposed of all 440,000 shares of Joongang Multiplex Development Co., Ltd.

The disposal amount was 50,210,600,000 KRW, which corresponds to 61.7% of the company's equity capital. The company explained that it was "to secure working capital."