Cosmecca Korea Decides to Acquire Ochang Plant for 64 Billion Won Enhancing Production Capacity for Mid-to-Long Term Growth
Cosmecca Korea disclosed on June 5, 2026 its decision to acquire land and buildings of the Ochang plant in Cheongju for 64 billion won, representing 10.13% of its total consolidated assets of 631.8 billion won in the previous fiscal year.
The purpose is to expand manufacturing and R&D facilities, strengthening mid-to-long term growth foundation through increased production capacity. The payment will be made via internal funds and bank loans.
The counterparty is Hansol Technics, and the external valuation firm Accounting Firm Beyul confirmed the fairness of the price. No new shares are issued, thus no dilution for existing shareholders, and profitability improvement is expected from asset expansion.
[AI Summary]Cosmecca Korea's acquisition of the Ochang plant for 64 billion won is a mid-to-long term growth strategy through capacity expansion, significantly increasing assets. With no new share issuance and funding via cash and debt, there is no shareholder dilution, and the highly credible counterparty and external valuation ensure stable asset acquisition.