Acquisition of Management Control and Business Diversification through Stock Acquisition
Decision to acquire 37,155 shares (43% stake) of Hangeo Co., Ltd. (cosmetics e-commerce) for 3.87 billion won in cash
Purpose: Subsidiary incorporation and business diversification through management control
Acquisition amount equals 6.74% of equity capital (57.43 billion won)
Plans to secure total 50%+1 voting rights by delegating ~7% from Tandem Studio Co., Ltd.
Target financials (FY2025): Assets 374M won, Liabilities 312M won, Equity 62M won, Sales 2,195M won, Net income 433M won (turned profitable from negative equity of -678M won in prior year)
High P/B ratio (~62x) raises valuation concern, but sales and profitability are improving
Voluntary disclosure; detailed authority delegated to CEO
KOSDAQ Filing Information
Filing: Decision on Acquisition of Stocks and Investment Securities of Other Corporations (Voluntary Disclosure)