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April 26, 2018

BGF to increase capital by W1tr to raise stake in BGF Retail

PUBLISHED : January 12, 2018 - 09:43

UPDATED : January 12, 2018 - 09:43

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[DISCLOSURE] BGF (027410) announced on Jan. 11 that it has decided to issue 73,373,638 shares to raise 1.09 trillion won (US$1.02 billion) to acquire additional stake in its affiliate BGF Retail (282330) “so that  will turn BGF Retail into a subsidiary and BGF can serve as a holdings company.”

The due date for listing is March 26. 

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

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