Outin Futures Co., Ltd acquired 11.07% stake in Mecox Curemed Co., Ltd. for KRW 4.9 billion.
December 19, 2022
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Outin Futures Co., Ltd (KOSDAQ:A227610) acquired 11.07% stake in Mecox Curemed Co., Ltd. for KRW 4.9 billion on December 20, 2022. The number of shares acquired is 0.63 million. Mecox Curemed Co., Ltd. Reported Turnover worth KRW 215 million, Total assets Worth KRW 1.9 billion, Total Common equity of KRW -2.3 billion and Net Loss of KRW -3.1 billion on December 31, 2021.
Outin Futures Co., Ltd (KOSDAQ:A227610) Completed the acquisition of 11.07% stake in Mecox Curemed Co., Ltd. for KRW 4.9 billion on December 20, 2022.
Outin Futures Co., Ltd is a Korea-based company principally engaged in the manufacturing and distribution of cosmetics. The Company provides fundamental cosmetics, mask packs, make-up and hair care products under the brand names of NEOGEN DERMALOGY, NEOGEN Code9, NEOGEN Agecure, Sur.Medic+, re:p, NEODAY, Lemonis, Ayuru, WYT and others. It distributes products through home shopping, drug stores, online shopping malls, duty free shops and others. The Company also provides original design manufacturing (ODM) and original equipment manufacturing (OEM) services. The Company distributes its products within domestic market and to overseas markets.
OUTIN FUTURES CO., LTD 
