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.
Hot Picks Today
Despite 10% Annual Interest, Russians Pull Out Cash as Fears of Deposit Nationalization Spread
- "Monami Posts a 10 Billion Won Deficit, But Consistently Awards 4.7 Billion Won in Contracts to the Third-Generation Family Company"
- "JP Morgan Highlights and Analyzes Additional Shareholder Returns, Urging 'Buy More SK hynix Even Now'"
- French Military Warns of Tesla and BYD Vehicles: "Concerns Over Leaking Military Secrets"
- "Caught Sneaking Water from Baengnokdam at Dawn"... Jeju Deploys Thermal Imaging AI Drones on Hallasan
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.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
