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Article: CJ Investment Trust & Securities and the Prudential Insurance Company of America Finalize 110 Billion Korean Won Investment Deal.
- Article from:
- Business Wire
- Article date:
- January 31, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
SEOUL, Republic of Korea--(BUSINESS WIRE)--Jan. 31, 2001
Business Agreement is one of the First Foreign Financial Commitments
in the Korean Investment Trust Industry
CJ Investment Trust & Securities Company (CJITS), a leading South Korean investment trust and securities company, and The Prudential Insurance Company of America, one of the largest global financial institutions based in the United States, announced today that they have signed a definitive agreement by which Prudential will invest 110 billion Korean won (approximately US$90 million) in CJITS through preferred stock and convertible debentures. The agreement ...