Shinsegae Chosun Hotel Inc. acquired 51% stake in Magic Flow Inc. from Shinsegae Engineering & Construction Inc. (KOSE:A034300) for KRW 6.7 billion on June 28, 2024. The consideration valued at KRW 24 per share will be paid by Shinsegae Chosun Hotel Inc. As part of consideration, cash is paid towards common equity of Magic Flow Inc.

Shinsegae Chosun Hotel Inc. acquired 51% stake in Magic Flow Inc. from Shinsegae Engineering & Construction Inc. (KOSE:A034300) on June 28, 2024.