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March 29, 2024

Kiwi Media’s SPC takes control of Paxnet at W25b

PUBLISHED : August 08, 2018 - 11:49

UPDATED : August 08, 2018 - 11:49

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[DISCLOSURE] Kiwi Media Group (012170) announced on Aug. 8 that its special purpose corporation subsidiary PXN Holdings has decided to acquire 15.31 percent stake (1,696,068 shares) in internet service firm Paxnet (038160) at 25.3 billion won (US$22.60 million) “to take over management control.” 

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

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