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  • E I&D to acquire New Pride's shares worth W5m
    E I&D to acquire New Pride's shares worth W5m
    E Investment & Development (093230), a producer of electronics components, announced on Sept. 5 that it has acquired 766,283 shares of New Pride Corporation worth 5.76 billion won (US$5.21 million) to improve its financial structure and secure more liquid assets. This amounts to 14.87 percent of its equity capital. E I&D now owns 2.18 percent stake. By Yun Jeong-hyeon (clareyun@heraldcorp.com)
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E I&D to acquire New Pride's shares worth W5m

Sept. 5, 2016 - 17:26 By 윤정현
[DISCLOSURE] E Investment & Development (093230), a producer of electronics components, announced on Sept. 5 that it has acquired 766,283 shares of New Pride Corporation worth 5.76 billion won (US$5.21 million) to improve its financial structure and secure more liquid assets. 

This amounts to 14.87 percent of its equity capital. E I&D now owns 2.18 percent stake.

By Yun Jeong-hyeon (clareyun@heraldcorp.com)
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