HPO Acquires 21 Million Shares of Affiliate PIO Investment
[Asia Economy Reporter Seongpil Cho] HPO announced on the 14th that it will acquire 21 million shares of its investment affiliate PIO Investment, which focuses on new technology businesses, for 10.5 billion KRW. After the acquisition, HPO's stake in PIO Investment will be 100%. The scheduled date of the stock acquisition is the same day as the announcement. HPO stated that the purpose of this stock acquisition is "business diversification and securing new growth engines through strategic investments such as M&A, synergy acquisition through investments related to existing businesses, and profit securing through efficient fund management."
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