Paradise Acquires 55 Billion KRW Stake in Subsidiary
[Asia Economy Reporter Lee Jung-yoon] Paradise announced on the 18th that it has decided to acquire 5,500,043 shares of its subsidiary Paradise Segasami for 55 billion KRW to improve the financial structure of the subsidiary. This corresponds to 3.83% of its equity capital.
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Paradise Segasami announced that it has decided on a 100 billion KRW rights offering. The fixed issue price for the new shares is 10,000 KRW per common share, and the number of new shares allocated per share is 0.1425767.
This content was produced with the assistance of AI translation services.
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