CJ Foodville Parts Ways with Twosome Place... Sells Remaining Shares Completely
[Asia Economy Reporter Jeon Jinyoung] CJ Foodville has sold its remaining 15% stake in Twosome Place. As a result, CJ Foodville's ownership in Twosome Place has become 0%.
CJ Foodville announced on the 3rd that it sold 16,875 shares of Twosome Place to the Hong Kong-based private equity fund Anchor Equity Partners for approximately 71 billion KRW.
The company stated that the sale was "based on an agreement among shareholders."
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Last June, CJ Foodville sold a 45% stake and management rights of Twosome Place to Anchor Equity Partners.
This content was produced with the assistance of AI translation services.
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