SSG.com Co., Ltd. successfully completed the replacement of financial investors.
Shinsegae Group announced on the 14th that E-Mart Co., Ltd. and Shinsegae Co., Ltd. will sign a new shareholder agreement with SGS.com Co., Ltd.’s new investor ‘Olympus First’ (SPC).
Olympus First is a special purpose corporation in which six banks, including KDB Korea Development Bank, Shinhan Bank, and NH Investment & Securities, and four securities firms participated, and will acquire a 30% stake in SSG.com Co., Ltd. held by the existing FI.
The contract amount for this weekly contract is 1.15 trillion won, and the stock transfer is scheduled to take place on November 26.
This successful investor attraction is significant in that SSG.com Co., Ltd.’s innovation to secure future growth was evaluated positively in the capital market, and based on this, investor trust was reaffirmed.
Meanwhile, last June, Shinsegae announced that it plans to sell 1,316,492 shares of SSG.com Co., Ltd.’s common stock held by existing FIs to single or multiple third parties designated by E-Mart Co. and Shinsegae Co., Ltd. by the end of this year.
Source: www.nextdaily.co.kr
