Naver Acquires 300 Billion KRW Worth of CJ Logistics Shares... 7.8% Stake
[Asia Economy Reporter Bu Aeri] Naver announced on the 26th that it will acquire 1,791,044 shares of CJ Logistics, a freight handling company, for approximately 300 billion KRW.
After acquiring the shares, Naver's stake in CJ Logistics will be 7.8%. The scheduled date for the share acquisition is the 27th.
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Naver stated that the purpose of this share acquisition is "to strengthen and maintain a strategic business partnership."
This content was produced with the assistance of AI translation services.
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