CJ ENM CO., Ltd. acquired remaining 29.84% stake in Blaad Studios Co. Ltd from Yong Hwa Kim and others for KRW 22.6 billion.
October 24, 2022
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CJ ENM CO., Ltd. (KOSDAQ:A035760) acquired remaining 29.84% stake in Blaad Studios Co. Ltd from Yong Hwa Kim and others for KRW 22.6 billion on October 24, 2022. As per the terms of the deal, CJ ENM CO., Ltd. will acquire 1232 shares of Blaad Studios Co. Ltd each for KRW 18.375 million. Post-completion, CJ ENM CO., Ltd. will own 100% stake in Blaad Studios Co. Ltd. The Board of Directors of CJ ENM CO., Ltd has resolved the deal on October 24, 2022, and the expected date of signing the stock purchase contract is October 24, 2022.
CJ ENM CO., Ltd. (KOSDAQ:A035760) completed the acquisition of remaining 29.84% stake in Blaad Studios Co. Ltd from Yong Hwa Kim and others on October 24, 2022.
CJ ENM Co Ltd, formerly CJ O Shopping Co Ltd, is a Korea-based company engaged in home shopping and catalogue sales business. The company operates its business through four segments. The Media Business segment provides broadcasting services through broadcasting channels such as TVN, OCN, and channel (CH) CGV, and sells broadcasting contents. The Commerce Business segment sells men's and women's underwear and apparel, accessories, bedding, electronics, cosmetics, sporting goods, furniture, household goods, kitchenware, food, and mobile phones through cable television home shopping networks, mail order, and the Internet. The Film and Performance Business segment is engaged in the production, distribution, and investment of movies, and operates the performance business. The Music Business segment is engaged in music production and distribution business.
CJ ENM CO., LTD. 
