NICE Information Service Acquires 100% Stake in NICE Investing for 10 Billion KRW
Acquisition of 1 Million Shares in NICE Investing
Establishing a New Corporation to Enter Capital Market Businesses
KOSPI-listed company NICE Information Service announced on the 7th that it acquired 1 million shares of its subsidiary NICE Investing, which develops and provides investment advisory and financial information-related programs, for 10 billion KRW.
With this stock acquisition, NICE Information Service will secure 100% ownership of NICE Investing.
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NICE Information Service stated that this investment aims to "establish a new corporation for entering new business areas in the capital market."
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