SM Invests 15 Billion KRW in Affiliate SM Friends
SM announced on the 10th that it will invest 15 billion KRW for the purpose of participating in a rights offering of its affiliate SM Friends.
The investment target is 3 million common shares of SM Friends. The investment date is set for the 17th.
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The company stated, "There will be no change in the shareholding ratio after this investment."
This content was produced with the assistance of AI translation services.
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