Brief: W Holding Company to buy stake in IOK Company for 8.5 bln won

Ocean In W

13/07/2017 09:26

July 13 (Reuters) - W Holding Company Co Ltd  052300.KQ  : 
     
    * Says it plans to buy 15.2 million shares of IOK, a 
software development firm, for 8.5 billion won  
    * Says it will hold 23.9 percent stake(31.7 million shares) 
in target company after transaction  
     
     
    Source text in Korean: https://goo.gl/i5wfW5 
    Further company coverage:  052300.KQ  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 010 62674724; 
Reuters Messaging: hedy.cui.reuters.com@reuters.net))