DAEMYUNG LEISURE INDUSTRY Co., Ltd. acquired the remaining 50% stake in DAEMYUNG RESORT CHEONAN Co., Ltd. from Daemyung Corporation Co.,Ltd. and others for approximately KRW 100 billion.
July 30, 2019
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DAEMYUNG LEISURE INDUSTRY Co., Ltd. acquired the remaining 50% stake in DAEMYUNG RESORT CHEONAN Co., Ltd. from Daemyung Corporation Co.,Ltd. (KOSDAQ:A007720) and others for approximately KRW 100 billion on July 31, 2019. For the year ended December 31, 2018, DAEMYUNG RESORT CHEONAN Co., Ltd. reported total assets of KRW 0.13 million, total revenue of KRW 0.028 million and net income of KRW 0.004 million. The transaction is expected to be completed on July 31, 2019. Taesung Accounting Corporation acted as External Rating Institution.
DAEMYUNG LEISURE INDUSTRY Co., Ltd. completed the acquisition of the remaining 50% stake in DAEMYUNG RESORT CHEONAN Co., Ltd. from Daemyung Corporation Co.,Ltd. (KOSDAQ:A007720) and others on July 31, 2019.
Daemyung SonoSeason Co Ltd, formerly Daemyung Corporation Co Ltd, is a Korea-based company mainly engaged in the purchase of enterprise consumable materials. The Company operates its business through two segments. The Wholesale Business segment engages in the business-to-business (B2B) e-commerce and purchasing agency for enterprise consumables. The Manufacture Business segment manufactures digital video recorders (DVRs), Internet protocol (IP) systems and other video security equipment. The Company distributes its image security equipment within domestic market and to overseas markets.
DAEMYUNG LEISURE INDUSTRY Co., Ltd. acquired the remaining 50% stake in DAEMYUNG RESORT CHEONAN Co., Ltd. from Daemyung Corporation Co.,Ltd. and others for approximately KRW 100 billion.
DAEMYUNG SONOSEASON CO.,LTD. 
