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ContentreeJoongAng Subsidiary SLL JoongAng Considering Funding Options

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ContentreeJoongAng (KRX:036420) said Wednesday that its subsidiary SLL JoongAng is considering several key options for capital expansion and funding, but hasn't finalized any specific plan yet.

The clarification came after a Seoul Economic Daily report claimed that SLL JoongAng and Praxis Capital were seeking to raise 105 billion won, according to a Wednesday filing with the Korea Exchange.

ContentreeJoongAng said it will provide an update when specific details are determined or within a month, it said.

Shares of ContentreeJoongAng Corp. fell 2% in recent trade.

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