KT "Subsidiary KT Cloud Shares Acquired for 1.7712 Trillion KRW"
[Asia Economy Reporter Lee Seon-ae] KT announced on the 15th that it will acquire 17,712,048 shares of its information and communication business (cloud, etc.) subsidiary KT Cloud for approximately 1.7712 trillion KRW. After the acquisition, the shareholding ratio will be 100%. The scheduled date for the stock acquisition is April 1 of this year.
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KT stated that the purpose of this stock acquisition is "to enhance the value of the Cloud and IDC business and to foster it as a specialized company."
This content was produced with the assistance of AI translation services.
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