Samyang Tongsang announced on the 18th that it will additionally acquire 7,784 shares of its affiliate Kyungwon Construction, which operates golf courses and ski resorts, for approximately 23.8 billion KRW.
After the stock acquisition, Samyang Tongsang's stake in Kyungwon Construction will be 24.7%. The scheduled date for the stock acquisition is the day of the announcement.
Samyang Tongsang stated that the purpose of this stock acquisition is "additional investment in affiliate company shares."
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