ISE Network Co., Ltd. signed share transfer agreement to acquire 20% stake in ISE Commerce Company Limited from Zhejiang Semir Garment Co., Ltd. for KRW 20.1 billion.
December 18, 2018
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ISE Network Co., Ltd. signed share transfer agreement to acquire 20% stake in ISE Commerce Company Limited (KOSDAQ:A069920) from Zhejiang Semir Garment Co., Ltd. (SZSE:002563) for KRW 20.1 billion on December 17, 2018. The transaction does not need Zhejiang Semir Garment's directorate's approval.
ISE Commerce Company Limited is a Korea-based company engaged in the electronic commerce business. The Company engages in the provision of overseas and domestic shopping agency services through Internet catalogues: WIZWID, SKINRx, HauOlin, Sports25 and others. WIZWID provides apparels, shoes, bags and others. SKINRx mainly provides skin care products, body and hair care products, make-ups, fragrances and others. HauOlin provides living and home related items such as fabrics, furniture, kitchen and bath appliances and others. Sports25 principally provides leisure lifestyle sports goods. The Company also involves in the offline business, operating Wconcept store, Ntrend project, HanOlin store, and Jinny Kim Store. On April 1, 2013, the Company divested its brand-Jinny Kim business into a newly established wholly owned subsidiary.
ISE Network Co., Ltd. signed share transfer agreement to acquire 20% stake in ISE Commerce Company Limited from Zhejiang Semir Garment Co., Ltd. for KRW 20.1 billion.
ISE COMMERCE COMPANY LIMITED 