A-Root Withdraws Decision to Acquire Shares of Subsidiary in Other Companies
[Asia Economy Reporter Minji Lee] Geonics, a subsidiary of A-Root, announced on the 6th that it has been notified by BK Tops, the counterparty to the contract for acquiring Ace Woojin common shares, of the termination of the transfer contract.
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Accordingly, the entire deposit of 4.5 billion KRW paid by Geonics in relation to this contract is expected to be refunded in full.
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