Chris F&C Acquires 34 Billion KRW Worth of Gukdong Shares... 21.8% Stake

[Asia Economy Reporter Moon Hyewon] Chris F&C announced on the 11th that it will acquire 12,046,775 shares of Kookdong for 34 billion KRW.

This corresponds to 11.11% of its equity capital. After the acquisition, the shareholding ratio will be 21.82%.

The scheduled date for the stock acquisition is the 17th of next month.

Chris F&C stated that the purpose of this stock acquisition is "securing management rights."