Dec 31, 2020 08:29 AM (GMT+8) · EqualOcean
Jtbc will raise a total of 400 billion won by issuing convertible preferred shares to Tencent holdings in China and praxis Capital Partners in South Korea, South Korea's Economic Times reported. Praxis will pay about 300 billion won to acquire 21.8% of the shares, becoming the second largest shareholder of jtbc production company. Tencent will inject about 200 million yuan (200 million won) of its shares into Tencent.