ACT Co., Ltd. agreed to acquire 97.25% stake in Hyupjin Machinery Co., Ltd. from Jang-ho KIm, Young-joo Kim and Aeja Cho for KRW 36.45 billion.
June 07, 2021
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ACT Co., Ltd. (KOSDAQ:A138360) agreed to acquire 97.25% stake in Hyupjin Machinery Co., Ltd. from Jang-ho KIm, Young-joo Kim and Aeja Cho for KRW 36.45 billion on June 7, 2021. As per terms of transaction, ACT Co., Ltd. will acquire 79.25% stake from Jang-ho KIm, 10% stake from Young-joo Kim and 8% stake from Aeja Cho. As on March 31, 2021, reported total assets of KRW 31.9 billion, sales of KRW 18.2 billion, total debt of KRW 14.7 billion, net income of KRW 2.9 billion and common equity of KRW 17.2 billion. Transaction is expected to complete on June 15, 2021.
Hyupjin Co Ltd, formerly ACT Co Ltd is a Korea-based company engaged in the manufacture and sale of raw materials of cosmetics. The Company provides bioconversion technology products, encapsulated products, natural extracts, synthetic products and others. Its products include Aquatouch L, which is made of glycerin, dimethicone, water and lecithin; Silkytouch L, which is made of water, dimethicone, glycerin, palmitoyl inulin, behenyl alcohol and 1,2 hexanediol; Phytoact Reliefer, which is made of phaseolus radiates seed extract, avena sativa meal extract, ethyhexylglycerin and others, as well as PhytoAct CosyPlex, Actosome InoCeramide E06, Actosome Retinol850, Actosome Retinal Palmitate, Actostem GinElixir and Actosome Deage, among others. It also provides electronic materials.
HYUPJIN CO., LTD. 
