Maruman Korea Co., Ltd. cancelled the acquisition of 28.79% stake in Maruman & Co., Ltd. from COSMO & Company Co., Ltd.
December 07, 2015 at 11:00 pm EST
Maruman Korea Co., Ltd. agreed to acquire a 28.79% stake in Maruman & Co., Ltd. (JASDAQ:7834) from COSMO & Company Co., Ltd. for approximately ¥510 million on December 8, 2014. Maruman Korea will acquire 3.52 million shares of Maruman & Co., Ltd. The Board of Directors of Maruman Korea Co. passed a resolution regarding the transaction on December 8, 2014. The deal is expected to complete on December 29, 2014.
Maruman Korea Co., Ltd. cancelled the acquisition of 28.79% stake in Maruman & Co., Ltd. (JASDAQ:7834) from COSMO & Company Co., Ltd. on December 8, 2015.