Staff Reporter
,
Singapore
The associate acquired an additional 10% stake in E&E for $395,000.
Kingsmen Creatives, through its 24.46% owned associate, Kingsmen Korea, acquired a 10% stake in Kingsmen E&E for $395,000 (KRW 402.8m).
Kingsmen Korea funded the acquisition through internal sources.
The acquisition increased Kingsmen Korea's stake in Kingsmen E&E from 90% to full ownership.
Incorporated in Korea on 11 September 2009, Kingsmen E&E specialises in designing and producing architectural interiors and decorations for museums, commercial spaces, and experiential marketing.
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