Brief: CJ unit CJ E&M to acquire 12.7 pct stake in MARS Entertainment

CJ

10/05/2016 08:40

May 10 (Reuters) - CJ Corp.   001040.KS   
     
    * Says its unit, CJ E&M, to acquire 615,508 shares in MARS 
Entertainment Group A.S, for business diversification 
    * Says transaction amount of 100 billion won 
    * Expects transaction settlement date of May 26 
    * CJ E&M to hold a 12.7 pct stake (615,508 shares) in target 
company after the transaction 
     
     
    Source text in Korean: http://goo.gl/MhRqgQ 
    Further company coverage: 001040.KS  
 
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Keywords: CJ /BRIEF