Woongjin announced on the 13th that it will additionally acquire 2,835,476 shares of its affiliate golf course operator, Rexfield Country Club, for approximately 8.6 billion KRW.
After the stock acquisition, Woongjin's stake in Rexfield Country Club will be 43.2%. The scheduled date for the stock acquisition is the 20th of next month.
Woongjin stated that the purpose of this stock acquisition is "the acquisition of overseas assets of the affiliate company and improvement of the financial structure."
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