Youngone Holdings Co., Ltd. acquired 60% stake in Schott North Asia Co., Ltd. for approximately KRW 330 million.
September 14, 2012 at 05:00 am
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Youngone Holdings Co., Ltd. (KOSE:A009970) acquired 60% stake in Schott North Asia Co., Ltd. for approximately KRW 330 million on September 14, 2012. Youngone acquired 0.12 million shares of Schott North Asia. Schott North Asia will operate as a subsidiary of Youngone. For the year ending 2011, Schott North Asia reported total assets of KRW 3.59 billion, total liabilities of KRW 2.9 billion, and total stockholders' equity of KRW 682 million. The transaction was resolved by the Board of Directors on September 14, 2012.
Youngone Holdings Co., Ltd. (KOSE:A009970) completed the acquisition of 60% stake in Schott North Asia Co., Ltd. on September 14, 2012.
Youngone Holdings Co., Ltd. is a Korea-based investment holding company engaged in the management of its subsidiaries. Through its subsidiaries, the Company mainly engaged in the manufacture, distribution, and retail of outdoor sportswear, shoes, backpacks, knit clothes, uniforms, work clothes and others. In addition, it is involved in the distribution of bicycle related sports goods, as well as development of real estate. The Company operates its retail and distribution businesses through sale of The North Face, Aigle, Goldwin, YOUNGONE, as well as its own subsidiariesâ brands, among others.
YOUNGONE HOLDINGS CO., LTD. 
