SBS Media Holdings Co., Ltd. (KOSE:A101060) acquired 60% stake in GF&L Co., Ltd. from SBS Contents Hub Co., Ltd. (KOSDAQ:A046140) for KRW 1.2 billion on March 7, 2019. As per the terms of the agreement, SBS Media will acquire 2.4 million shares of GF&L at the rate of KRW 500 per share.

SBS Media Holdings Co., Ltd. (KOSE:A101060) completed the acquisition of 60% stake in GF&L Co., Ltd. from SBS Contents Hub Co., Ltd. (KOSDAQ:A046140) on March 7, 2019.