Biosmart Corporation acquired an additional 91% stake in Lamy Cosmetics Sales Co., Ltd.
July 01, 2013 at 09:30 am IST
Share
Biosmart Corporation (KOSE:A038460) acquired an additional 91% stake in Lamy Cosmetics Sales Co., Ltd. on July 1, 2013. After the transaction, Biosmart holds 95.5% stake in Lamy Cosmetics Sales. During the year ended 2012, Lamy Cosmetics had total assets of KRW 6.23 billion, total liabilities of KRW 2.3 billion, total stockholders' equity of KRW 3.93 billion and capital of KRW 1.19 billion.
Biosmart Corporation (KOSE:A038460) completed the acquisition of an additional 91% stake in Lamy Cosmetics Sales Co., Ltd. on July 1, 2013.
BioSmart Co., Ltd. is a Korea-based company mainly engaged in credit card business. The Company produces and issues domestic credit cards and electronic money systems under the brand name BS, and provides credit card issuing services, mailing systems, issuing equipment such as embossers and transcribers, and sending machines such as card sending machines and mail sending machines. Its card category includes magnetic stripe cards, integrated circuit (IC) cards, smart cards, combination cards, radio frequency (RF) cards, global systems for mobile communications (GSM) cards and others. The Company also involves in the manufacture of biological chips, cosmetics and health food through its affiliates.
BIOSMART CO.,LTD. 
