Acquisition Amount: 16.02 Billion Won
E-Mart announced on December 12 that it had acquired 332,910 shares of Shinsegae Food from its affiliate, Chosun Hotel & Resort.
The shares were purchased through a block trade after hours, with the acquisition amounting to 16.02 billion won. As a result of this purchase, E-Mart's stake in Shinsegae Food has increased to 55.47%.
The company explained that the purpose of the acquisition is to simplify the governance structure of Shinsegae Food, enhance management efficiency, and secure stable management control.
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