Easy Holdings to Acquire Additional 19.84% Stake in Maniker… Invests 6.1 Billion Won to Strengthen Control
Easy Holdings is set to strengthen its governance structure and enhance corporate value by acquiring additional shares of its key affiliate, Maniker.
On the 27th, Easy Holdings publicly announced that it plans to acquire 6.3 million common shares of Maniker through on-market trading. The acquisition is valued at approximately 6.1 billion won, equivalent to 19.84% of the total issued shares.
The stock purchase will be conducted via on-market trading over a 28-day period, from August 27 to September 23.
The company explained that this share acquisition is a strategic decision aimed at reinforcing stable control over its core affiliate, while simultaneously increasing corporate value and the value of its mid- to long-term investment assets.
Through this on-market acquisition, Easy Holdings intends to further strengthen its governance over Maniker, and expand long-term investment returns by boosting the growth and corporate value of its key affiliate.
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This share purchase is interpreted as a strategic investment that not only increases control over the key affiliate, Maniker, but also enhances long-term corporate value and investment asset value.
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