MiraeING.Co.,Ltd. agreed to acquire an additional 49.7% stake in ArtistCosmetics. Co., Ltd. for KRW 4.2 billion.
May 26, 2022
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MiraeING.Co.,Ltd. (KOSE:A007120) agreed to acquire an additional 49.7% stake in ArtistCosmetics. Co., Ltd. for KRW 4.2 billion on May 27, 2022. MiraeING.Co.,Ltd. will acquire 18 million shares of ArtistCosmetics. Co., Ltd. in the deal. Post-completion, MiraeING.Co.,Ltd. will hold 99.45% stake in ArtistCosmetics. Co., Ltd. ArtistCosmetics. Co., Ltd. had total assets of KRW 9.8 billion, net assets of KRW 9.57 billion and net loss of KRW 8.2 billion for the year 2021. The Board of Directors of MiraeING.Co.,Ltd. has resolved the deal on May 27, 2022. The deal is expected to close on May 27, 2022.
MiraeING.Co.,Ltd., formerly Theall Medi Bio. Co.,Ltd., is a Korea-based company mainly engaged in solution business and video business. The Company operates in three main segments: solution segment, which provides project consulting, construction and maintenance services and related products for banks under the brand name XiT, eNisis and others; video segment, which provides digital video recorders (DVRs) and closed circuit television (CCTV) systems for security areas, and defense segment, which provides self-propelled artilleries and components. It also engages in the leasing of non-residential buildings.
MIRAEING.CO.,LTD. 
