[DISCLOSURE]
Jeil Holdings (003380) announced on June 8 that it has decided to acquire 20.4 million shares in affiliate Pan Ocean at 72 billion won (US$66.88 million).
This amounts to 2.39 percent of its equity capital and it will own 54.70 percent stake.
By Hwang You-mee (
glamazon@heraldcorp.com)