CJ Logistics Acquires Additional Shares in Singapore Subsidiary for 115 Billion Won
Kim SangJin
letyou@alphabiz.co.kr | 2024-11-08 03:49:26
Photo= Yonhap news
[Alpha Biz= Reporter Kim Sangjin] CJ Logistics announced on the 7th that it will acquire an additional 82,644,628 shares of its logistics subsidiary, CJ LOGISTICS ASIA PTE. in Singapore, for 115 billion won.
After the acquisition, CJ Logistics will hold a 100% stake in the subsidiary. The stock acquisition is scheduled for the 12th.
The company stated that the purpose of the share acquisition is to "redeem the subsidiary's redeemable convertible preference shares (RCPS) and secure operating capital."
[ⓒ AlphaBIZ. 무단전재-재배포 금지]
많이 본 기사
- 1AMD’s Lisa Su Forges Broad Semiconductor Alliance with Samsung Electronics and Naver in Korea
- 2Trial to Begin in NPS Lawsuit Against Samsung Over 2015 Merger
- 3Kyobo Life Enters Savings Bank Sector After Securing Approval to Acquire SBI Savings Bank
- 4SEC Reclassifies Major Cryptocurrencies as Digital Commodities, Signaling Regulatory Shift
- 5LPG Shortage Deepens in India Amid Hormuz Disruption, Triggering Theft and Cooking Fuel Shift
- 6Korea Exchange Pledges Process Overhaul and Accountability After SCM Life Science Listing Error