Kiwi Media’s SPC takes control of Paxnet at W25b
[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)