Lux Cosmetics Co., Ltd. agreed to acquire 17.34% stake in Paratech Company Limited (KOSDAQ:A033540) from Base Hd Co.,Ltd. for KRW 20.03 billion on April 3, 2020. Pursuant to the transaction, Lux Cosmetics will acquire 2.9 million shares. The transaction will be self funded by Lux Cosmetics and is expected to complete on April 24, 2020. On April 24, 2020, the company announced that the transaction will close on May 5, 2020.