Alphabiz - Dongwha Enterprise “Acquires 100 billion won worth of shares in affiliate M Park… 13.1% share”

[Alpha Biz=(Chicago) Reporter Paul Lee] Donghwa Corporation announced on the 17th that it will acquire 277,802 shares of M-Park, an affiliate of the used car sales complex, for about 100 billion won.

After acquiring the stock, Donghwa Corporation's stake in M-Park will be 13.1%. The stock acquisition date is the 20th.

Donghwa Corporation said the purpose of acquiring the stock is "to improve the financial structure and expand investment of its affiliate M-Park Corporation."

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)