Young Hwan, Neotec Information Co., Ltd, Postone Fund 1, Fila Fund, The Daewoon Co., Ltd, MDG Holdings Co., Ltd. agreed to acquire a 66.01% stake in HJF Co.Ltd from ISE Network Co., Ltd, Han Young Science Co. Ltd, Kim Ung Sang, Kim Ung Jin, Kim Hee Won and others for approximately KRW 110 billion.
May 08, 2022
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Young Hwan, Neotec Information Co., Ltd, Postone Fund 1, Fila Fund, The Daewoon Co., Ltd, MDG Holdings Co., Ltd. agreed to acquire a 66.01% stake in HJF Co.Ltd from ISE Network Co., Ltd, Han Young Science Co. Ltd, Kim Ung Sang, Kim Ung Jin, Kim Hee Won and others for approximately KRW 110 billion on April 3, 2022
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.
Young Hwan, Neotec Information Co., Ltd, Postone Fund 1, Fila Fund, The Daewoon Co., Ltd, MDG Holdings Co., Ltd. agreed to acquire a 66.01% stake in HJF Co.Ltd from ISE Network Co., Ltd, Han Young Science Co. Ltd, Kim Ung Sang, Kim Ung Jin, Kim Hee Won and others for approximately KRW 110 billion.