STX Network Service agrees to acquire control of Korea Cable TV Chung-Buk System

Bitget2026/11/06 11:09

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STX Network Service agreed to acquire 2,212,017 common shares and management control of Korea Cable TV Chung-Buk System for KRW 1.33 billion.
The November 6, 2026 agreement with Green BTS and Quantum Port provides for KRW 400 million upfront, payable upon share transfer.
A further KRW 200 million becomes payable when two STX-nominated directors are elected.
The KRW 727.21 million balance is due within six months of controlling-shareholder clearance and STX nominees securing a board majority.
STX may participate in a capital increase of up to KRW 10 billion to support the broadcaster's turnaround.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Korea Cable TV Chung-Buk System Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261106901025), on November 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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STX Network Service agrees to acquire control of Korea Cable TV Chung-Buk System

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