Fila Holdings Acquires Additional 90 Billion KRW Worth of Shares in Subsidiary Magnus Holdings
[Asia Economy Reporter Lim Chunhan] Fila Holdings announced on the 16th that it will additionally acquire 45,000 shares of Magnus Holdings, a non-financial holding company subsidiary, for 90 billion KRW.
After the stock acquisition, Fila Holdings' stake in Magnus Holdings will reach 100%. The scheduled date for the stock acquisition is the 23rd.
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Fila Holdings stated that the purpose of this stock acquisition is "to partially repay the borrowings held by Magnus Holdings through Magnus Holdings' paid-in capital increase and Fila Holdings' cash injection."
This content was produced with the assistance of AI translation services.
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