Daegu Department Store Co., Ltd. acquired Insung C&S Co Ltd.
July 29, 2015
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Daegu Department Store Co., Ltd. (KOSE:A006370) acquired Insung C&S Co Ltd on July 30, 2015. Under the terms of the transaction, Daegu Department Store Co. is acquiring 0.06 million shares of Insung C&S Co Ltd. For the period ending December 31, 2014, Insung C&S Co Ltd reported total assets of KRW 52.5 billion and total liabilities of KRW 51.9 million. The transaction has been resolved by Board of Directors of Daegu Department Store Co.
Daegu Department Store Co., Ltd. (KOSE:A006370) completed the acquisition of Insung C&S Co Ltd on July 30, 2015.
DAEGU DEPARTMENT STORE CO., LTD. is a Korea-based company engaged in the operation of department stores. The Company operates its business through Debec Main Store and Debec Plaza. Through its department stores, its offerings are comprised of men's and women's apparel, shoes, bags, accessories, cosmetics, home appliances, electrical appliances, furniture, kitchen utensils foods and other miscellaneous goods. It also provides its products through its Internet shopping mall. In addition, it engages in the leasing business.