CJ CGV Acquires $46.6 Billion Worth of Shares in U.S. Subsidiary
CJ CGV announced on the 13th that it will additionally acquire 873 shares of its U.S. holding company subsidiary (CJ CGV America) for approximately 46.6 billion KRW.
This includes 43 billion KRW from loan-to-equity conversion and 3.6 billion KRW from a cash capital increase. After the acquisition, the ownership stake will be 100%.
Hot Picks Today
At President Lee's Call to "Give Enough to Shock," Whistleblower Rewards Become a Real Lottery
- If They Fail Next Year, Bonus Drops to 97 Million Won... A Closer Look at Samsung Electronics DS Division’s 600M vs 460M vs 160M Performance Bonuses
- "While Others Rest, Nearly 3 Million May Work Substitute Public Holidays Without Extra Pay"
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
CJ CGV stated that the purpose of this stock acquisition is "to improve the financial structure for the restructuring of the U.S. corporation."
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
