IS Dongseo Acquires Additional 70 Billion KRW Worth of Inseon ENT Shares
[Asia Economy Reporter Yoo Byung-don] IS Dongseo announced on the 14th that it will additionally acquire 8,067,305 shares of its construction waste disposal subsidiary Inseon ENT for approximately 70 billion KRW.
After the stock acquisition, IS Dongseo's stake in Inseon ENT will be 45.1%. The scheduled date for the stock acquisition is the 27th of next month.
Hot Picks Today
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- "To Get Revenge on Ex-Girlfriend" US McDonald's Manager Spits on French Fries
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
IS Dongseo explained the purpose of this stock acquisition as "- Strengthening control over the affiliate and improving management efficiency - Securing funds for acquiring shares of other companies to expand and diversify the affiliate's business."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.