KR Motors Acquires 2.2 Billion KRW Worth of Green Mobility Shares... 50.9% Stake
[Asia Economy Reporter Kang Nahum] KR Motors announced on the 5th that it will acquire 293,333 shares of Green Mobility, a company engaged in research and development, manufacturing, and sales of parts and equipment for electric vehicles, for approximately 2.2 billion KRW.
After the acquisition, KR Motors' stake in Green Mobility will be 50.9%.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Over 7,000 Residents Evacuate Urgently" Magnitude 5.2 Earthquake Leaves 2 Dead, 6 Injured... What Happened in China?
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
KR Motors stated that the purpose of this stock acquisition is "a mid- to long-term investment in companies possessing new technologies for eco-friendly electric vehicles (two-wheelers and three-wheelers)."
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
