Gwon Hui Suk acquired 51% stake in Royal Cosmetics from Shinhoo Co., Ltd. (KOSDAQ:A066430) for KRW 4.8 billion on January 29, 2016. Shinhoo Co., Ltd. sold 0.102 million shares of Royal Cosmetics.

Gwon Hui Suk completed the acquisition of 51% stake in Royal Cosmetics from Shinhoo Co., Ltd. (KOSDAQ:A066430) on January 29, 2016.