CJ ENM CO., Ltd. agreed to acquire additional 8.818696% stake in Tving Co.,Ltd for KRW 79.582 billion.
October 12, 2021
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CJ ENM CO., Ltd. (KOSDAQ:A035760) agreed to acquire additional 8.818696% stake in Tving Co.,Ltd for KRW 79.582 billion on October 13, 2021. CJ ENM CO., Ltd. will acquire 0.18 million shares of Tving Co.,Ltd. After the transaction CJ ENM will own 67.61% stake comprising of 1.38 million shares. The transaction is expected to close on October 15, 2021.
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. 
