[DISCLOSURE]
Devsisters (194480) announced on May 28 that it has decided to acquire 2 million shares of subsidiary Cookie Run at 10 billion won (US$9.31 million) “to promote management efficiency and to expand IP business by establishing a subsidiary that specializes in development.”
This amounts to 7.24 percent of its equity capital and it will own the entire stake of the company.
By Hwang You-mee (
glamazon@heraldcorp.com)