An undisclosed buyer completed the acquisition of 40% stake in JEONJU TELEVISION Co., Ltd. from ILJIN Holdings Co.,Ltd..
March 27, 2024
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An undisclosed buyer agreed to acquire 40% stake in JEONJU TELEVISION Co., Ltd. from ILJIN Holdings Co.,Ltd. (KOSE:A015860) on March 21, 2024. JEONJU TELEVISION reported total assets of KRW 64,582 million and net worth of KRW 61,943 million by the end of 2023.
An undisclosed buyer completed the acquisition of 40% stake in JEONJU TELEVISION Co., Ltd. from ILJIN Holdings Co.,Ltd. (KOSE:A015860) on March 28, 2024.
ILJIN Holdings Co., Ltd. is a Korea-based holding company engaged in the management of its subsidiaries. Its subsidiaries include ILJIN ELECTRIC CO.,LTD, engaged in the provision of electric products, such as power transmissions, power transformation systems, power systems, power cables and others; ILJIN DIAMOND CO., LTD., engaged in the manufacture of diamonds, cutting tool materials and hard metals; ILJIN DEVELOPMENT COMPANY CO.,LTD, mainly engaged in the leasing of real estate and management of facilities; ITEK INVESTMENT CO., LTD., engaged in the financial business; JEONJO TELEVISION CO., LTD., engaged in the broadcasting business, and Alpinion Medical Systems Co., Ltd., engaged in the manufacture of medical equipment, such as ultrasound equipment and other transducer equipment.