Aprogen to Acquire 60.2 Billion KRW Worth of GeoLit Energy Shares... 24.1% Stake Planned
Aprogen announced on the 27th that it will acquire 44,841,699 shares of Georit Energy, an energy equipment and service company, for approximately 60.2 billion KRW.
After the acquisition, Aprogen's stake in Georit Energy will be 24.1%. The scheduled date for the stock acquisition is June 14 of next year.
Hot Picks Today
"End of Samsung and SK Hynix’s Dominance?" CXMT Soars 466% on IPO Debut... Founder’s Wealth Jumps 300%
- "Strong Earthquake Causes Partial Collapse of Kyushu Shopping Mall... Many Reportedly Trapped Inside"
- "Voter Numbers Misentered"... Vote Statistics Manipulated in Gimpo, Uiwang, and Jincheon During June 3 Local Elections
- “A National Assembly that Works” at the Forefront... Speaker Cho Jung-sik Vows to Fast-Track Public Welfare and Reform Legislation
- Prosecution Requests Arrest Warrant for Entertainment Agency CEO Chagawon on Multi-Billion Won Fraud Charges
Aprogen stated that the purpose of this stock acquisition is to "secure new growth engines through new technologies."
This content was produced with the assistance of AI translation services.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
