Korea Land Trust Acquires 71.34 Million Shares of K-One Gamman 1 Entrusted Real Estate Investment Company
[Asia Economy Reporter Song Seung-seop] Korea Land Trust announced on the 14th that it has decided to acquire 71.34 million shares of K-One Gamman No.1 Discretionary Real Estate Investment Company for 69.1 billion KRW in cash as part of a REITs investment for the purchase and operation of public-supported private rental housing.
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After the acquisition, Korea Land Trust's ownership stake in K-One Gamman No.1 Discretionary Real Estate Investment Company will be 14.4%.
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