THE E&M Acquires 3 Billion KRW Worth of Luka AI Cell Shares
[Asia Economy Reporter Oh Hyung-gil] THE E&M announced on the 9th that it will acquire 600,000 shares of its manufacturing subsidiary, Luka AI Cell, which produces organic chemical substances, biological preparations, pharmaceuticals, and medical supplies, for 3 billion KRW.
After acquiring the shares, the ownership stake will be 100%. The scheduled date for the share acquisition is the 18th.
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THE E&M stated, "This is for jointly establishing and operating a new corporation with Luka Health, a specialized company in artificial cell membranes, as a new investment project."
This content was produced with the assistance of AI translation services.
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