Decision on acquiring an affiliates shares Read 0|2017.08.14
1. Profile of the investee
- Company name: CJ LOGISTICS DO BRASIL LTDA, a subsidiary in Brazil
- CEO: Hong Sung-eun
- Paid-in capital: KRW 2,872,767,248
- Main business: Logistics
2. Details of acquisition
- Number of shares to be acquired: -
- Amount of acquisition: KRW 252,186 million (4.2% of total equity)
3. Ownership after the acquisition: 100% ownership
4. Method of acquisition: Joining capital increase
5. Purpose: Securing capital for acquiring Brazil-based Selecta Ltda.
6. Date of acquisition: Aug. 16, 2017
7. Date of conclusion by the BOD: Aug. 14, 2017 (4 outside directors attended.)


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