CJ ENM CO., Ltd. agreed to acquire remaining 41.176471% stake in DADA MNC CO.,Ltd from Mirae Asset Global Investments Co., Ltd. for KRW 26.05 billion.
November 22, 2023
Share
CJ ENM CO., Ltd. (KOSDAQ:A035760) agreed to acquire remaining 41.176471% stake in DADA MNC CO.,Ltd from Mirae Asset Global Investments Co., Ltd. for KRW 26.05 billion on November 23, 2023.
CJ ENM Co Ltd, formerly CJ O Shopping Co Ltd, is a Korea-based company engaged in home shopping and catalogue sales business. The company operates its business through four segments. The Media Business segment provides broadcasting services through broadcasting channels such as TVN, OCN, and channel (CH) CGV, and sells broadcasting contents. The Commerce Business segment sells men's and women's underwear and apparel, accessories, bedding, electronics, cosmetics, sporting goods, furniture, household goods, kitchenware, food, and mobile phones through cable television home shopping networks, mail order, and the Internet. The Film and Performance Business segment is engaged in the production, distribution, and investment of movies, and operates the performance business. The Music Business segment is engaged in music production and distribution business.