Jenax Decides to Transfer Stocks of Other Corporations Worth 5.6 Billion Won
[Asia Economy Reporter Minji Lee] Jenax announced on the 8th that it will transfer 82,685,232 shares of Yangguang Special Steel High Furnace Co., Ltd. in China to Yantai Gaeseong Gongmu Co., Ltd. for 5.63 billion KRW.
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This corresponds to 25% of its equity capital. The purpose of the transfer is to improve the financial structure through the sale of subsidiary shares.
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