J Trust, the listed Japan-based financial services company, announced today that it will acquire a 64.16% stake in South Korea-based Kyungeun Mutual Savings & Finance.
J Trust said that it would spend JPY KRW 25bn (USD 23.6m), or 5m shares at KRW 5,000 per share, to acquire a 64.16% stake in Kyungeun Mutual Savings & Finance during August 2011, once the planned deal is approved by South Korean authorities.
We covered this deal on July 5th - it is now done and announced!
No comments:
Post a Comment