Lock&Lock Acquires 14.5 Billion KRW Worth of Shares in EMK Networks
[Asia Economy Reporter Kim Heung-soon] Lock&Lock announced on the 27th that it will acquire 4,285 shares of EMK Networks, a retailer of small and medium-sized kitchen appliances, for 14.5 billion KRW. After the acquisition, Lock&Lock's stake in EMK Networks will be 100%. The scheduled date for the stock acquisition is September 23. Lock&Lock stated that the purpose of acquiring EMK Networks' shares is to "create growth opportunities in the company's small kitchen appliances category."
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