Cosmax BTI, Inc. cancelled the acquisition of 2.8% stake in Cosmax, Inc..
December 16, 2017
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Cosmax BTI, Inc. (KOSE:A044820) agreed to acquire 2.8% stake in Cosmax, Inc. (KOSE:A192820) for KRW 24.9 billion on December 16, 2016. As per the terms of agreement, Cosmax BTI, Inc. will buy 0.28 million shares.
Cosmax BTI, Inc. (KOSE:A044820) cancelled the acquisition of 2.8% stake in Cosmax, Inc. (KOSE:A192820) for KRW 24.9 billion on December 16, 2017.
Cosmax Inc is a Korea-based company mainly engaged in the production and sale of cosmetics. The Company produces and sells cosmetics in the form of original development & design manufacturing (ODM). The Company is engaged in the manufacture and sale of skincare, makeup, Korean herbal cosmetics, fragrances, mask sheets and nail polish. Skincare products include skin lotions, creams, cleansings and essences. Makeup products include makeup bases, foundations, concealers, face powders, eyeshadows, eye liners, mascara, lipsticks and primers. The Company distributes its products in domestic and overseas markets such as China, Indonesia and America.