AK Holdings, Inc. cancelled the acquisition of an additional 29.9% stake in Aekyung Company from Aekyung Co., Ltd. and other shareholders.
April 30, 2015 at 09:30 am IST
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AK Holdings, Inc. (KOSE:A006840) agreed to acquire additional 29.9% stake in Aekyung Company from Aekyung Co., Ltd. and other shareholders for KRW 24.9 billion on April 30, 2014. AK Holdings will acquire 1.23 million shares of Aekyung Company and will hold 2.06 million shares (50.1% stake) on closing. The transaction is expected to close on April 30, 2014.
AK Holdings, Inc. (KOSE:A006840) cancelled the acquisition of an additional 29.9% stake in Aekyung Company from Aekyung Co., Ltd. and other shareholders on April 30, 2015.
Aekyung Industrial Co Ltd is a Korea-based company mainly engaged in the production and sale of personal products. The Company operates its business through two segments. The Household Products segment manufactures and sells shampoos, toothpastes, laundry detergents and kitchen detergents. The household goods are sold under names such as Spark, Kerasys, 2080 Toothpaste, Trio and LiQ. In addition, it is involved in the production and sale of body care products and gift sets. The Cosmetics segment is involved in the manufacture and sale of foundation and color cosmetics. The cosmetics are sold under the names Age 20's, Luna, and Point. The Company sells products in domestic markets and overseas markets such as China.
AEKYUNG INDUSTRIAL CO., LTD. 
