Chung Dongyoon cancelled the acquisition of 30% stake in Shanghai Tuku Cosmetics Co., Ltd. from Harson Trading Co., Ltd..
April 26, 2020
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Chung Dongyoon agreed to acquire 30% stake in Shanghai Tuku Cosmetics Co., Ltd. from Harson Trading (China) Co., Ltd. (SHSE:603958) for CNY 0.45 million on April 27, 2019. For the period ended December 31, 2018, Shanghai Tuku Cosmetics reported total assets of CNY 23.95 million, net liabilities of CNY 17.15, revenue of CNY 64.14 million and net loss of CNY 25.96 million. The transaction has been approved in the meeting of the directorate of Harson Trading (China).
Chung Dongyoon cancelled the acquisition of 30% stake in Shanghai Tuku Cosmetics Co., Ltd. from Harson Trading (China) Co., Ltd. (SHSE:603958) on April 27, 2020.
Harson Trading (China) Co., Ltd. is a China-based company principally engaged in the brand operation, product design, manufacture and sales of leather shoes. The Companyâs main products include women's shoes and men's shoes. The Company owns its own brands, such as HARSON, KADINA, COVER, ALLER-A and HARSON BUSINESS. The Comopany is also involved in the agent business of foreign brands, including ROBERTA, AS and PIKOLINOS. The Company also provides original equipment manufacture (OEM) and original equipment manufacture (ODM) processing services to an international brand operator with the brand name of DANSKO. The Company distributes its products in domestic market and to overseas markets.
HARSON TRADING (CHINA) CO.,LTD. 
