CI Tech "Acquires 5 Billion KRW Worth of ACT Shares... 18.1% Stake"
[Asia Economy Reporter Yoo Byung-don] CI Tech announced on the 24th that it will acquire 6.25 million shares of ACT, a company engaged in the development, manufacturing, and sales of cosmetics and cosmetic raw materials, for 5 billion KRW.
After acquiring the shares, CI Tech's stake in ACT will be 18.1%. The scheduled date for the share acquisition is the 3rd of next month.
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CI Tech stated that the purpose of this share acquisition is "to enhance corporate value and generate profits through investment in other companies."
This content was produced with the assistance of AI translation services.
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