Hyosung Chemical (KRX:298000) plans to invest 19.64 billion won in South Korean private equity fund managed by Aurora Partners, Aurora Mutual Growth Project Fund No. 3, the company said in a Friday filing with the Korea Exchange.
The cash acquisition is scheduled for Nov. 12, and represents 3.10% of the company's equity capital. The investment aims to generate future returns and boost its equity ownership, it said.
Shares of Hyosung Chemical fell nearly 1% in recent trade.
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