[Asia Economy Reporter Kim Hyo-jin] Arion announced on the 21st that it will acquire 102,000 shares of DaoYacht, a ship steel structure manufacturer, for approximately 3.5 billion KRW.


After acquiring the shares, Arion's stake in DaoYacht will be 51%. The scheduled date of share acquisition is the same day as the announcement.



Arion explained the purpose of this share acquisition as "business diversification."


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