Dongwha Enterprise "Acquires 100 Billion Won Worth of Subsidiary Mpark Shares... 13.1% Stake"

Donghwa Enterprise announced on the 17th that it will acquire 277,802 shares of its affiliate Empark, which operates a used car sales complex rental business, for approximately 100 billion KRW.

After acquiring the shares, Donghwa Enterprise's stake in Empark will be 13.1%. The scheduled date for the share acquisition is the 20th.

Donghwa Enterprise stated that the purpose of this share acquisition is "to improve the financial structure and expand investment of the affiliate company Empark Co., Ltd."