Hyundai Home Shopping announced on the 24th that it will additionally acquire 31,459,590 shares of Hyundai Futurenet, a company specializing in digital signage, immersive content, and corporate messaging businesses, for approximately 135 billion KRW.
After the acquisition, Hyundai Home Shopping's stake in Hyundai Futurenet will be 78.5%. The scheduled date for the stock acquisition is the 24th of next month.
Hyundai Home Shopping stated that the purpose of this stock acquisition is to "expand control over a major subsidiary."
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