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The Korea Herald
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THE INVESTOR
April 24, 2024

Market Now

Hancom acquires W35b stake in affiliate

  • PUBLISHED :November 26, 2018 - 17:53
  • UPDATED :November 26, 2018 - 17:53
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[DISCLOSURE] Hancom (030520) announced on Nov. 26 that it has decided to acquire 1,228,285 shares of its subsidiary Hancom MDS (086960) at 35.0 billion won (US$31.01 million) “following a financial investor’s exercise of put option.”

It will own 32.45 percent stake (2,864,477 shares) after the acquisition. 

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

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