Amber Capital Korea Co., Ltd. entered into a contract to acquire a 14.5% stake in Jayjun Cosmetic Co., Ltd. from IDO Healthcare Co.,Ltd. for KRW 27.02 billion.
June 12, 2022
Share
Amber Capital Korea Co., Ltd. entered into a contract to acquire a 14.5% stake in Jayjun Cosmetic Co., Ltd. (KOSE:A025620) from IDO Healthcare Co.,Ltd. for KRW 27.02 billion on June 10, 2022. On contract date, Amber Capital will deposit KRW 2.7 billion and will pay the remaining KRW 24.32 billion, until the day before the date of the extraordinary general meeting of shareholders. As part of the transaction, Amber Capital will acquire 10,766,176 shares. The transaction is resolved by the board of Jayjun Cosmetic.
Jayjun Cosmetic Co Ltd is a Korea-based company principally engaged in the manufacture and sale of cosmetics. The Company operates its business through three segments. The Cosmetic segment is engaged in the manufacture and sale of black water glow masks, intensive shining masks, green tea eye gel patches, roselle tea eye gel patches as well as others. The Entertainment and Advertising segment is engaged in the record and music businesses, performance businesses, management service business as well as advertising agency businesses. The Medical Device segment is engaged in the manufacture and sale of medical devices.
Amber Capital Korea Co., Ltd. entered into a contract to acquire a 14.5% stake in Jayjun Cosmetic Co., Ltd. from IDO Healthcare Co.,Ltd. for KRW 27.02 billion.