CI Tech to Acquire Additional Shares of Affiliate Hyupjin for 15 Billion KRW
CI Tech, a KOSPI-listed company, announced on October 29 that it will acquire an additional 20,270,270 shares of its food processing machinery manufacturing affiliate, Hyupjin, for approximately 15 billion KRW.
Following the acquisition, CI Tech's ownership stake in Hyupjin will increase to 39.6%. The scheduled acquisition date is December 30, 2025.
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CI Tech explained that the purpose of this share acquisition is "to enhance the value of its holdings through additional investment in its investment company."
This content was produced with the assistance of AI translation services.
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