Market Chatter: APR Pares Stake in Cosmetics Maker Nodinary

MT Newswires Live

Dec 19, 2024

South Korean cosmetics firm APR sold part of its stake in cosmetics maker Nodinary to Cornerstone Cheongryong No. 4 New Technology Association, Pulse News reported Wednesday, citing an APR release.

The sale proceeds when combined with the current valuation of its remaining Nodinary shares yields a 600% return on investment over three years, the report said.

APR had acquired a 16.77% stake in Nodinary for 1 billion won in August 2021, becoming its second-largest shareholder, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2492191979","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492191979","pubTimestamp":1734578207,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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