[DISCLOSURE]
Kolmar Korea (161890) said on Sept. 19 that it has established a special purpose company to acquire a US-based cosmetics manufacturer for 17 billion won (US$15.2 million).
Kolmar Korea owns 100 percent of the SPC called Seokoh and has issued 15,300,000 shares.
The Korean cosmetics company added that it plans to acquire 51 percent of US-based Process Technologies and Packaging.
By Jung Min-kyung (
mkj1105@heraldcorp.com)
