CJ ENM Decides on Third-Party Allocation Paid-in Capital Increase Worth 250 Billion KRW
[Asia Economy Reporter Lee Jung-yoon] CJ ENM announced on the 18th that its subsidiary Tving has decided to conduct a third-party allotment paid-in capital increase worth 250 billion KRW targeting Media Growth Capital No.1 Co., Ltd.
A total of 382,513 common shares will be newly issued, with the issuance price per share set at 653,572 KRW.
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The company stated, "This is to strengthen Tving's OTT platform competitiveness and original content."
This content was produced with the assistance of AI translation services.
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