Hansae Yes24 Holdings Co., Ltd completed the acquisition of 50.77% stake in Hansaemk Co.,Ltd. from Hansae Co., Ltd..
December 29, 2020
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Hansae Yes24 Holdings Co., Ltd (KOSE:A016450) agreed to acquire 50.77% stake in Hansaemk Co.,Ltd. (KOSE:A069640) from Hansae Co., Ltd. (KOSE:A105630) for KRW 54.7 billion on December 28, 2020. As per terms, Hansae Yes24 Holdings Co., Ltd will acquire approximately 6.55 million shares and became the largest shareholder of Hansaemk Co.,Ltd. The consideration is paid through the borrowing from subsidiary surplus funds.
Hansae Yes24 Holdings Co., Ltd (KOSE:A016450) completed the acquisition of 50.77% stake in Hansaemk Co.,Ltd. (KOSE:A069640) from Hansae Co., Ltd. (KOSE:A105630) on December 30, 2020.
HANSAE YES24 HOLDINGS is a Korea-based holding company engaged in the management of its subsidiaries. The Companyâs subsidiaries include HANSAE CO., LTD., engaged in the original equipment manufacturing (OEM), wholesale, import and export of knit shirts, ladies wears and casual clothing and YES24 CO., LTD, engaged in Internet shopping mall business, which provides books, records, digital versatile discs (DVDs), tickets, e-learning and e-books. On February 20, 2014, it established a wholly owned subsidiary, mainly engaged in the manufacturing and sale of textiles and textile products, real estate business, Internet related business, and venture investment business. On March 26, 2014, the Company completed the transferring of entire shares of two subsidiaries, PT. Hansae Yes24 Indonesia and Hansae Yes24 Vina Co., Ltd.
HANSAE YES24 HOLDINGS CO., LTD 
