Super Race Co., Ltd. announced that it will issue 911,037 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 4,555,185,000 on December 11, 2025. The transaction will include participation from new investor CJ ENM CO., Ltd. The transaction has been approved at the board of directors of the company. The company will issue the shares through Shareholder allotment method.
The transaction is expected to close January 1, 2026.
CJ ENM Co Ltd is a Korea-based company engaged in the broadcasting and entertainment business. The Company operates its business through four segments. The Media Platform segment provides broadcasting services through broadcasting channels such as TVN, OCN, and channel (CH) CGV, and engages in contents and advertising distribution. The Movie and Drama segment is engaged in the movies and contents production and distribution as well as performance planning and production. The Music segment is engaged in music record and source production and distribution, entertainment management and concerts services. The Commerce segment is engaged in the television (TV) commerce, electronic-commerce, product planning and distribution business.
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