Eugene Group Bids 320 Billion Won in YTN Stake

(1)Bid for 320 billion won in YTN shares
(2)Winning bid for Eugene Group
(3)Input 20231023 PM 443 Modified 20231023 PM 446 Article manuscript
(4)Reporter Yoon Soo-hyun TALK
(5)1 price ⑤
(6)YTN’s market capitalization goes to the Korea Communications Commission (KCC) of 252 billion won
(7)YTN Branch Eugene Group YTN Resistance to Give Up
(8)▲ YTN office left and Eugene Group headquarters ⓒ Yonhap News
(9)Eugene Group is expected to become the new majority shareholder of YTN Samil Accounting Corp. disclosed the bidding price for 3095 YTN shares written by Eugene Group Hanse Industrial One Korea Media Holdings at the Grand Hyatt Hotel in Seoul on the afternoon of the 23rd. Eugene Group became the final bidder as it spent 320 billion won
(10)As Samil Accounting Corp. did not disclose the event to the public, the bid price offered by Hanse Business One Korea Media Holdings was not known YTN’s market capitalization as of the closing price on the 23rd is 252 billion won
(11)Earlier, Samil Accounting Corp. estimated the value of the sale of its stake in YTN to KEPCO KDN at up to 232.4 billion won from 132.8 billion won This is based on the 214 stake held by KEPCO KDN and is between KRW17.6 billion and KRW336.3 billion when converted to a 3095 stake Samil Accounting Corp. sees YTN asset value at a minimum of 619.6 billion won to a maximum of 1.844 trillion won

(1)In 1954, Eugene Group introduced the confectionery business, Daeheung Confectionery, and the current nutritional confectionery
(2)By working, the situation was expanded to construction materials, logistics and distribution businesses
(3)In particular, in the 1960s, it attracted a lot of attention that a single dry bread company became a chaebol because it expanded the situation to pay for dry bread. However, the dry bread company at that time still exists to make dry bread, but it seems to have nothing to do with Eugene Group
(4)To the general public, the Dongyang Remicon, which is often seen at its subsidiary Dongyang Remicon construction site, is more known to the general public than the group itself called Eugene Group
(5)Source Wiki