[Market Now] Leenos acquires manicure maker SUR

Leenos, a KOSDAQ-listed fashion and information technology solutions company, has acquired a 66.67 percent stake in SUR Korea, a nail polish cosmetics maker, according to a regulatory filing Wednesday.

Leenos reported that it financed the acquisition of SUR’s new shares worth 2 billion won ($1.7 million) in cash as part of its efforts to “diversify its business and seek new growth.”

Leenos imports fashion bag brands of Kipling and Eastpak for the local retail market, and provides communication solutions for the Army and railways. SUR markets its brands, including Paris Hilton’s Super Gel, at local retail stores.

By Park Hyong-ki (hkp@heraldcorp.com)