Jcontentree corp. (KOSE:A036420) agreed to acquire an additional 3.45% stake in MegaboxJoongAng, Inc. from Mapletree Private Equity Fund for KRW 23.8 billion on March 4, 2022. Jcontentree corp. will acquire 27,892 shares of MegaboxJoongAng, Inc. at KRW 852,126 per share. Post-completion, Jcontentree corp. will hold 94.27% stake in MegaboxJoongAng, Inc. The Board of Jcontentree corp. has resolved the deal on March 4, 2022. The deal is expected to complete on March 14, 2022.

Jcontentree corp. (KOSE:A036420) completed the acquisition of an additional 3.45% stake in MegaboxJoongAng, Inc. from Mapletree Private Equity Fund on March 14, 2022.