Jayjun Cosmetic Co., Ltd. (KOSE:A025620) acquired Sensible Corporation for KRW 6.5 billion on December 15, 2020. Jayjun Cosmetic Co., Ltd. shall acquire 0.02 million shares of Sensible Corporation through transfer of trade receivable rights. As on September 30, 2020, total asset, net asset of Sensible Corporation was approximately KRW 3.1 billion and KRW 2.1 billion respectively. For the year ending December 31, 2019, revenue and net profit was approximately KRW 4 billion and KRW 212 million respectively. The transaction is expected to close on December 15, 2020.
Jayjun Cosmetic Co., Ltd. (KOSE:A025620) completed the acquisition of Sensible Corporation on December 15, 2020.
Jayjun Cosmetic Co Ltd is a Korea-based company principally engaged in the manufacture and sale of cosmetics. The Company operates its business through three segments. The Cosmetic segment is engaged in the manufacture and sale of black water glow masks, intensive shining masks, green tea eye gel patches, roselle tea eye gel patches as well as others. The Entertainment and Advertising segment is engaged in the record and music businesses, performance businesses, management service business as well as advertising agency businesses. The Medical Device segment is engaged in the manufacture and sale of medical devices.