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Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who served as the 47th vice president of the United States from 2009 to 2017 and represented Delaware in the U.S. Senate from 1973 to 2009. A member of the Democratic Party, Biden is the presumptive Democratic nominee for president in the 2020 election. He unsuccessfully sought the Democratic presidential nomination in 1988 and in 2008.
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Korea’s CJ CGV To Cut Debt By Selling Stake in Vietnam Property Unit
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variety.com
variety.comSonia Kil South Korea’s top exhibitor CJ CGV will sell its 25% stake in CJ Vietnam, CJ’s Vietnamese real estate investment unit, on Jul.
3.The move is will shore up CGV’s balance sheet which has been badly hit by coronavirus closure of its cinemas. CGV’s debt to equity ratio increased by almost threefold to 845% in the first quarter of 2020.According to the document published on Korea’s National Financial Supervisory Service, the stake will be sold for around $26.8 million (KRW 32.42 billion).
The property subsidiary is currently jointly owned by: CH Holdings; CJ group’s entertainment unit CJ ENM; CJ Logistics; and CJ CGV, with each holding 25% stakes.
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