Aju Industry and Aju IB Investment Sell 2.1% Stake
[Asia Economy Reporter Lee Junhyung] Ajou Industries announced on the 16th that it sold 2.5 million shares of Ajou IB Investment through an off-hours block trade. This corresponds to 2.1% of Ajou Industries' stake in Ajou IB Investment. As a result of this sale, Ajou Industries' stake decreased from 63.4% to 61.3%.
Ajou Industries plans to invest the proceeds from the sale into funds being prepared by Ajou IB Investment, such as the 'Policy New Deal Fund,' to be used as resources. Earlier, in January, Ajou Industries also sold 4 million shares. The proceeds from that sale were decided to be invested in Ajou IB Investment's 'Life Science 4.0 Fund.'
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An Ajou Industries official stated, "Ajou IB Investment achieved record-high operating profits last year, proving itself as a leading domestic venture capital (VC)." He added, "We hope that this share sale and fund investment decision will contribute to the continuous growth of Ajou IB Investment."
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