[Asia Economy Reporter Han Jinju] KG ETS announced on the 27th that its subsidiary Ssangyong Motor has agreed to change the method and deadline for the investment payment with KG Mobility Holdings for the M&A.
The two companies decided to change the unpaid investment amount of 259 billion KRW out of the additional investment amount of 564.5 billion KRW through a paid-in capital increase from new share subscription to acquisition through new shares, convertible bonds, or bonds with warrants. The investment payment deadline will also be changed from December 26, 2022, to December 31, 2023.
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