Brief: Arion Technology to buy 52.6 pct stake in Elektromotive Group for 9.19 bln won

Arion Technology

25/11/2016 02:36

Nov 25 (Reuters) - Arion Technology Inc  058220.KQ  : 
     
    * Says it will buy 2.70 billion shares of Elektromotive 
Group Limited (Singapore), an electromobile battery firm, for 
business diversity   
    * Says transaction amount is 9.19 billion won 
    * Says it will hold 52.6 percent stake(2.70 billion shares) 
in Elektromotive Group Limited (Singapore), after the 
transaction  
     
    Source text in Korean: https://goo.gl/sLffv3 
    Further company coverage:  058220.KQ  
 
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