Cosmax BTI, Inc. agreed to acquire 56.5% stake in Twowin Pharma Co.,Ltd.
April 26, 2018
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Cosmax BTI, Inc. (KOSE:A044820) agreed to acquire 56.5% stake in Twowin Pharma Co.,Ltd on April 27, 2018. Cosmax BTI, Inc. will acquire 4.99 million shares of Twowin Pharma Co.,Ltd. Twowin Pharma Co.,Ltd reported total assets of KRW 19.52 billion and total capital of KRW 762 million as at December 31, 2017. The Board of Directors passed a resolution for the transaction on April 27, 2018.
Cosmax BTI Inc is a Korea-based company principally engaged in the manufacture and sale of health functional foods. The Company operates its business through two segments. The Health Functional Food segment is engaged in the manufacture and sale of health functional foods such as Liquid Calcium with Magnesium and Red Ginseng Every Time. The segment is also engaged in the real estate leasing business. The Other segment is engaged in the manufacture and sale of pharmaceutical and cosmetic raw materials. In addition, the Other segment is also engaged in the owning intellectual property rights and providing management support services as well as others.