Codes Combine Co., Ltd. acquired an additional 40% stake in J&Jisan Co., Ltd for KRW 3.4 billion.
April 29, 2018
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Codes Combine Co., Ltd. (KOSDAQ:A047770) won the bid to acquire an additional 40% stake in J&Jisan Co., Ltd for KRW 3.4 billion on April 30, 2018. Codes Combine will acquire 0.24 million shares of J&Jisan and post transaction Codes Combine will hold 0.51 million shares representing 85% stake in J&Jisan. The consideration has been paid on April 30, 2018. The transaction will be funded through own funds of Codes Combine. J&Jisan Co., Ltd reported total assets of KRW 42 billion, net assets of KRW 15.4 billion, sales of KRW 2.1 billion and net loss of KRW 148.7 million for the year ended December 31, 2017. The transaction is resolved by the Board of Codes Combine.
Codes Combine Co., Ltd. (KOSDAQ:A047770) completed the acquisition of an additional 40% stake in J&Jisan Co., Ltd on April 30, 2018.
Codes Combine Co., Ltd. is a Korea-based company principally engaged in the women apparel business. The Companyâs products portfolio includes jeans, outdoor clothes, casual clothes, accessories, women suits and childrenâs wears. The Company's apparel brands consist of codes combine, which is character casual apparel for men and women; basic+ by codes combine, which is casual apparel for men and women; codes combine jeans, which is designed for men and women in their early-twenties to mid-twenties; C_Code, which is brand of formal dress for women, and codes combine kids, which is designed for children. The Company distributes its products through department stores, direct management stores as well as online shopping.