The Korea Herald

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Wooridul Pharmaceutical considers acquiring shares of other firms but no details yet

By 황유미

Published : June 17, 2016 - 15:11

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[DISCLOSURE] Wooridul Pharmaceutical (004720) is considering spending 5 billion won ($4.2 million) to acquire shares of other firms but cannot provide any specifics, it said on June 17 in response to an inquiry regarding the drastic changes in its stock conditions. The fund is from the 10 billion won worth convertible bonds the company issued in March.