Echomarketing Co., Ltd. acquired 25% stake in Gluga Co., Ltd. for KRW 4 billion.
September 29, 2019
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Echomarketing Co., Ltd. (KOSDAQ:A230360) acquired 25% stake in Gluga Co., Ltd. for KRW 4 billion on September 30, 2019. Echomarketing acquired 0.3 million shares. Gluga had total assets of KRW 405 million, net liabilities of KRW 157 million and net loss of KRW 162 million.
Echomarketing Co., Ltd. (KOSDAQ:A230360) completed the acquisition of 25% stake in Gluga Co., Ltd. on September 30, 2019.
Echo Marketing Co Ltd is a Korea-based company principally engaged in the manufacture and sale of apparel products. The Company operates its business through four segments. The Clothing Manufacturing and Sales segment is engaged in the manufacture and sale of yoga wear, leggings, slacks and other clothing products. The Direct to Consumer (D2C) Commerce segment is engaged in the provision of e-commerce services. The Advertising Agency Service segment is engaged in the provision of advertising agency service for search engines, advertising agency service for play devices and other services. The Others segment is engaged in the investment businesses.
ECHOMARKETING CO.,LTD. 
