DB HiTek Acquires Additional 49.4 Billion KRW Worth of Shares in Subsidiary DB World

DB HiTek announced on the 3rd that it will additionally acquire 5,485,287 shares of its golf course operation and real estate development affiliate, DB World, for approximately 49.4 billion KRW.

After the stock acquisition, DB HiTek's stake in DB World will be 57.9%. The scheduled date for the stock acquisition is the same day as the announcement.

DB HiTek stated that the purpose of this stock acquisition is "to enter new growth businesses and strengthen security in the advanced semiconductor business."