CJ Decides to Invest 93.7 Billion KRW in Paid-in Capital Increase of CJ CGV
[Asia Economy Reporter Eunmo Koo] CJ announced on the 15th that it has decided to invest 93.721 billion KRW in a 250 billion KRW capital increase of its affiliate CJ CGV. The company stated that the purpose of the investment is "to create a stable business environment through the improvement of CJ CGV's financial structure." The investment date is set for July 28, and the investment object is 5,221,228 common shares. Upon completion of the investment, CJ will hold a 38.40% stake in CJ CGV.
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