Information and Communication Mutual Aid Association acquired 20.11% stake in K-Global General Private Equity Real Estate Investment Co., Ltd. No. 2 from GS Retail Co., Ltd. for KRW 1 billion.
September 06, 2023
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Information and Communication Mutual Aid Association acquired 20.11% stake in K-Global General Private Equity Real Estate Investment Co., Ltd. No. 2 from GS Retail Co., Ltd. (KOSE:A007070) for KRW 1 billion on August 31, 2023.
Information and Communication Mutual Aid Association completed the acquisition of 20.11% stake in K-Global General Private Equity Real Estate Investment Co., Ltd. No. 2 from GS Retail Co., Ltd. (KOSE:A007070) on August 31, 2023.
GS Retail Co Ltd is a Korea-based company principally engaged in the operation of convenience stores. The Company operates its business through five segments. The Convenience Store segment operates franchise chain convenience stores which sells general retail goods under the brand name of GS25. The Supermarket segment operates supermarkets which mainly sell drinks, foods and daily necessities under the brand name of GS supermarket. The Hotel segment is engaged in tourism hotel business and hotel related business. The Health and Beauty segment sells cosmetics, health and beauty products. The Common and Other segment is engaged in the businesses of real estate development, liquid crystal display (LCD) television (TV) advertisement, courier service and e-commerce, among others.
Information and Communication Mutual Aid Association acquired 20.11% stake in K-Global General Private Equity Real Estate Investment Co., Ltd. No. 2 from GS Retail Co., Ltd. for KRW 1 billion.
GS RETAIL CO., LTD. 
