Hyundai Department Store Acquires 35.8% Stake in Jinus
[Asia Economy Reporter Minji Lee] Hyundai Department Store announced on the 22nd that it has decided to acquire a 35.82% stake (6,172,116 shares) in the furniture manufacturer Jinus. The acquisition amount is 894.6 billion KRW. The company stated, "We proceeded with the acquisition of shares to secure future growth engines," and added, "We acquired new shares through the purchase of existing shares and a paid-in capital increase."
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