Junkyu Park signed a contract to acquire 65% stake in Regen Cosmetic Co., Ltd from REGEN Co., Ltd. (KOSDAQ:A038340) for KRW 3 billion on December 30, 2016. Under the terms of the transaction, Junkyu Park will acquire 0.26 million shares. Regen Cosmetic reported total assets of KRW 8.1 billion, sales of KRW 3.9 billion and net loss of KRW 33 million for the period ended December 31, 2015. Junkyu Park completed the acquisition of 65% stake in Regen Cosmetic Co., Ltd from REGEN Co., Ltd. (KOSDAQ:A038340) on January 2, 2017. The consideration for the transaction has been settled. Jung-il Accounting Corporation acted as the external valuer.