Genic "Invests 10.3 Billion KRW in Chinese Subsidiary"
[Asia Economy Reporter Moon Hyewon] On the 19th, Kosdaq-listed company Jenic announced that it will invest approximately 10.3 billion KRW in its China-based subsidiary, cosmetics manufacturer Jenic Shanghai Cosmetics.
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Jenic stated that the purpose of this measure is "to improve the financial structure, including repayment of loans of the local corporation."
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