Shinsegae Acquires 857,000 Shares of Seoul Auction for 28 Billion KRW
[Asia Economy Reporter Choi Dae-yeol] Shinsegae announced on the 29th that it will acquire 856,767 shares of Seoul Auction, which operates art auction and wholesale/retail businesses, for 28 billion KRW. The company stated that this investment is to participate in a paid-in capital increase and to strengthen business partnerships related to art sales and sourcing.
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