JAYJUN Cosmetic "Acquires 10.3 Million Shares of F&Republic for 5.2 Billion KRW"

[Asia Economy Reporter Seo So-jung] Jayjun Cosmetic announced on the 16th that it will acquire 10.3 million shares of F&Republic, a comprehensive merchandise wholesale company, for approximately 5.2 billion KRW.

After acquiring the shares, Jayjun Cosmetic's stake in F&Republic will be 9.41%. The scheduled date for the share acquisition is the 24th.

The company explained, "The purpose of the acquisition is to foster a cooperative relationship through mutual shareholding."