Park24 (4666) · InitiativeAchieved
Restructuring of the Korean Business Through the Transfer of All Shares in GS PARK24
First written in FY2021-Q3. 1 of 2 entries say "Achieved", first in FY2021. Latest entry: FY2021.
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Restructuring of the Korean Business Through the Transfer of All Shares in GS PARK24A theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2021AchievedAnnual report
「We transferred all GS PARK24 shares held by the company to our joint-venture partner, GS Retail, in September.」
The transfer of all GS PARK24 shares resolved in the previous quarter was completed in September 2021, and GS PARK24 was removed from the scope of equity-method accounting. - FY2021-Q3First statedAnnual report
「At a Board of Directors meeting held on 31 August 2021, the company resolved to transfer all shares in GS PARK24 CO., LTD., an equity-method affiliate of the company (hereinafter, GS PARK24).」
A resolution was passed to transfer all 2,300 thousand common shares of GS PARK24, representing 50.0% of voting rights. The transfer price is KRW 25,000 million (approximately ¥2,350 million), the scheduled transfer date is 15 September 2021, and the number of shares held after the transfer will be 0. In South Korea, the company has indicated a policy of pursuing growth under GS Retail CO., LTD.