AK Holdings Acquires Additional 79 Billion KRW Worth of AKS&D Shares

[Asia Economy Reporter Kang Nahum] AK Holdings announced on the 10th that it will additionally acquire 15,808,300 shares of its department store subsidiary AK S&D for approximately 79 billion KRW.

After the stock acquisition, AK Holdings' stake in AK S&D will be 78.2%. The scheduled date for the stock acquisition is April 25.

AK Holdings stated that the purpose of this stock acquisition is "to acquire shares of a major subsidiary."