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July 19, 2018

E-mart takes over owner family’s W34.3b stake in affiliates

PUBLISHED : July 11, 2018 - 10:06

UPDATED : July 11, 2018 - 10:06

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[DISCLOSURE] E-mart (139480) announced on July 10 that it has acquired stakes in Shinsegae (004170) affiliates owned by group chairwoman Lee Myung-hee as well as her husband Chung Jae-eun and son Chung Yong-jin at 34.3 billion won (US$30.58 million). 

The retailer’s stake in Shinsegae I&C (035510) has increased to 35.65 percent from 29.01 percent, Shinsegae Engineering and Construction (034300) to 42.70 percent from 32.41 percent and Shinsegae Food (031440) to 46.87 percent from 46.10 percent. 

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

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