K2 Korea Co., Ltd., Young-Hoon Jung and an unknown buyer acquired 8.17% stake in Avista Inc. from Weihai Textile Group Import & Export Co., Ltd. for CNY 41.5 million.
November 09, 2014 at 11:00 pm EST
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K2 Korea Co., Ltd., Young-Hoon Jung and an unknown buyer acquired 8.17% stake in Avista Inc. (KOSE:A090370) from Weihai Textile Group Import & Export Co., Ltd. for CNY 41.5 million on November 10, 2014. Weihai Textile sold 1.25 million shares for CNY 33.17 each. In a related transaction, Dong-Geun Kim and Bang-Seob Shin sold 26.5% stake in Avista Inc. (KOSE:A090370) on November 10, 2014. K2 Korea Co., Ltd. and Young-Hoon Jung acquired 0.44 million shares and 0.36 million shares respectively.
K2 Korea Co., Ltd., Young-Hoon Jung and an unknown buyer completed the acquisition of 8.17% stake in Avista Inc. (KOSE:A090370) from Weihai Textile Group Import & Export Co., Ltd. on November 10, 2014.
METALABS CO., LTD., formerly AVISTA INC., is a Korea-based company mainly engaged in the casual apparel business. The Company produces and sells casual apparel and accessories under the brand of BNX, which is feminine and romantic character for women in their twenties; TANKUS, which is casual apparel with detailed design and dynamic color and fabrics; eryn brinie, which is soft and simple character casual apparel, and Kai-aakmann, which is feminine and masculine look character for men and women in their twenties. In addition, it is engaged in the overseas wholesale and retail of products through its affiliates in Shanghai, New York and Milano.
K2 Korea Co., Ltd., Young-Hoon Jung and an unknown buyer acquired 8.17% stake in Avista Inc. from Weihai Textile Group Import & Export Co., Ltd. for CNY 41.5 million.
METALABS CO., LTD. 
