Pumtec Korea Acquires 12 Billion KRW Worth of Jallon Natural Shares

[Asia Economy Reporter Moon Hyewon] Permtek Korea announced on the 22nd that it will acquire 126,312 shares of Jallon Natural, a company specializing in natural organic health foods, functional cosmetics, daily necessities, and bio-human care, for 12 billion KRW.

After acquiring the shares, Permtek Korea's stake in Jallon Natural will be 60%. The scheduled date for the share acquisition is January 5 of next year.

Permtek Korea stated that the purpose of this share acquisition is "to enter the proprietary brand business of health functional foods, cosmetics, daily necessities, and beauty products using new distribution platforms such as influencers."