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The Korea Herald
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THE INVESTOR
March 29, 2024

Market Now

LINE acquires W247.6b stake in LINE Financial

  • PUBLISHED :October 01, 2018 - 09:11
  • UPDATED :October 01, 2018 - 09:11
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[DISCLOSURE] Naver (035420) announced on Sept. 28 that its subsidiary LINE has decided to acquire 2.5 million shares newly issued by its wholly-owned Japanese subsidiary LINE Financial at 247.6 billion (US$223.12 million) “to expand into global financial business.”

LINE will own 4.5 million shares after the acquisition.   

By Hwang You-mee (glamazon@heraldcorp.com)

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