Kolon Acquires Additional 26.5 Billion KRW Shares in Geo&KPFV

Photo of Kolon Group Headquarters

[Asia Economy Reporter Seongpil Cho] Kolon announced on the 27th that it will additionally acquire 26,460 shares of Geo&KPFV, a real estate investment and development company, for approximately 26.5 billion KRW. After acquiring the shares, Kolon's stake in Geo&KPFV will be 46.1%. The scheduled date for the share acquisition is the 29th. Kolon stated that the purpose of this share acquisition is "diversification of the investment portfolio."