JAPAN: Ministop to raise stake in South Korean affiliate
Japanese convenience store chain Ministop has said it plans to increase its stake in its South Korean affiliate Daesang Distribution & Service by 55.27% to 76.06% on 30 June. Ministop will buy around 2.8m outstanding shares in Daesang Distribution, which runs convenience stores in South Korea under the Ministop banner, from Daesang Corp and Daesang Foods.
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