CJ ENM Sells 8% Stake in Studio Dragon for 165.8 Billion KRW
[Asia Economy Reporter Jang Hyowon] CJ ENM announced on the 6th that it will sell 2,247,710 shares (8%) of its subsidiary Studio Dragon for 165.880998 billion KRW.
This represents 5.26% of CJ ENM's equity capital. After the disposal, CJ ENM will hold 16,347,472 shares (58.18%) of Studio Dragon.
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CJ ENM stated, "The sale of Studio Dragon shares is aimed at securing investment funds to strengthen future growth and business competitiveness."
This content was produced with the assistance of AI translation services.
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