Chosun Refractories Acquires 498,500 Shares from City Investment

Chosun Refractories, a KOSPI-listed company, announced on the 24th that it has agreed to acquire 498,500 shares of City Investment, a management consulting firm, for 39.9 billion KRW.

After the acquisition, the shareholding ratio will be 100%.

The company stated that the purpose of the acquisition is "business diversification and securing new growth engines."