BGF to Acquire KRW 81.7 Billion Stake in KNW
BGF said in a filing on October 7 that it would acquire 9,113,891 shares of KNW held by its affiliate BGF Eco Materials for approximately KRW 81.752 billion.
After the acquisition, BGF will hold a 56.89% stake in KNW. The shares are scheduled to be acquired on October 12 through an after-hours block trade.
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BGF said the purpose of the acquisition was to "improve management efficiency."
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