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April 26, 2024

NVH Korea invests W19.3b in overseas subsidiary

PUBLISHED : March 22, 2018 - 16:25

UPDATED : March 22, 2018 - 16:25

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[DISCLOSURE] NVH Korea (067570) announced on March 22 that it has decided to participate in its Mauritius-based subsidiary NVH Global Investment Holding Company’s capital raise and acquire 18.05 million shares at 19.3 billion won (US$18.0 million). 

It will own the subsidiary’s entire 22 million shares after the acquisition. 

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

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