Vtm Investment Inc. completed the acquisition of 36.01% stake in MFM KOREA Co., Ltd. from MFM Holdings, LLC.
November 06, 2023
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Vtm Investment Inc. agreed to acquire a 36.01% stake in MFM KOREA Co., Ltd. (KOSDAQ:A323230) from MFM Holdings, LLC for KRW 15 billion on September 14, 2023. Vtm will pay KRW 1,121.6 per share as consideration. Vtm financed the acquisition through borrowings.
Vtm Investment Inc. completed the acquisition of 36.01% stake in MFM KOREA Co., Ltd. (KOSDAQ:A323230) from MFM Holdings, LLC on November 7, 2023.
MFM Korea Co Ltd, formerly Shinhan 5th Special Purpose Acquisition Co, is a Korea-based company mainly engaged in the manufacture, import and export of clothing and textiles. The Company manufactures and sells men's, women's, boys' and girls' knitted garments in original equipment manufacturing(OEM)and original design manufacturing(ODM) methods. The Company's products are sold under brands such as Aeropostale, Nautica, Vans, Lacoste, and Forever 21. In addition, the Company sells its products through social media platforms. The Company is also engaged in licensing related business.
MFM KOREA CO., LTD. 
