CJ Subsidiary Acquires U.S. Affiliate Shares for 938.4 Billion KRW

[Asia Economy Reporter Park Soyeon] CJ, a KOSPI-listed company, announced on the 14th that its subsidiary (CJENMUSA) will acquire 78,979 shares of its U.S. special purpose entity affiliate (CJ ENM USA Holdings) for approximately 938.4 billion KRW.

After the acquisition, the ownership stake will be 100%. The scheduled date of the stock acquisition is the same day as the announcement.