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  • Kolmar Korea establishes SPC to acquire US firm
    Kolmar Korea establishes SPC to acquire US firm
    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.co...
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Kolmar Korea establishes SPC to acquire US firm

Sept. 19, 2016 - 10:59 By 정민경
[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)
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