AK Holdings, Inc. cancelled the acquisition of an unknown minority stake in Aekyung Industrial Co., Ltd. (KOSE : A018250).
August 12, 2020
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AK Holdings, Inc. (KOSE:A006840) entered into an agreement to acquire an unknown minority stake in Aekyung Industrial Co., Ltd. (KOSE : A018250) for KRW 41 billion on August 13, 2019.
AK Holdings, Inc. (KOSE:A006840) cancelled the acquisition of an unknown minority stake in Aekyung Industrial Co., Ltd. (KOSE : A018250) on August 13, 2020.
Aekyung Industrial Co Ltd is a Korea-based company mainly engaged in the production and sale of personal products. The Company operates its business through two segments. The Household Products segment manufactures and sells shampoos, toothpastes, laundry detergents and kitchen detergents. The household goods are sold under names such as Spark, Kerasys, 2080 Toothpaste, Trio and LiQ. In addition, it is involved in the production and sale of body care products and gift sets. The Cosmetics segment is involved in the manufacture and sale of foundation and color cosmetics. The cosmetics are sold under the names Age 20's, Luna, and Point. The Company sells products in domestic markets and overseas markets such as China.
AEKYUNG INDUSTRIAL CO., LTD. 
