[Alpha Biz= Reporter Kim Jisun] On the 26th, KG Steel announced its plan to acquire an additional 1.63 million shares of its subsidiary SLK, which operates golf courses and ski resorts, for 163 billion KRW.
Following this acquisition, KG Steel’s ownership in SLK will increase to 100%. The share purchase is scheduled for completion on October 1st.
KG Steel stated that the purpose of this acquisition is to strengthen capital for SLK's entry into new business ventures.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
