CJ Logistics Acquires Additional 115 Billion KRW Shares in Singapore Subsidiary
CJ Logistics announced on the 7th that it will additionally acquire 82,644,628 shares of its Singapore logistics subsidiary (CJ LOGISTICS ASIA PTE.) for 115 billion KRW. After the acquisition, the shareholding ratio will be 100%. The scheduled date for the stock acquisition is the 12th. The company stated that the purpose of the stock acquisition is "redemption of the issuing company's redeemable convertible preferred shares (RCPS) and procurement of operating funds."
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