Dalba Global Acquires 33.61% Stake in Kuokaskin, Invests 96 Billion Won

Vegan cosmetics manufacturer Dalba Global (483650) announced on July 29 that it has decided to acquire 33.61% of Kuokaskin, a cosmetics and soap manufacturer. The company will acquire 354.7176 million shares (2.602318 million convertible preferred shares and 944,858 ordinary shares) for 95.9999 billion won, with 78.9041 billion won allocated to new share issuance and 17.0959 billion won to existing share purchases. The acquisition is expected to be completed by July 31, 2026, granting Dalba Global a 33.61% ownership stake. The acquisition cost represents 4.83% of Dalba Global's equity (198.5479 billion won). The move is stated as a capital investment strategy, with board approval on July 29, 2026, and participation by three independent directors and the auditor. Additional agreements include call options for Dalba Global to acquire remaining shares after three years and put options for existing shareholders to sell shares if financial performance declines. Kuokaskin's 2025 financials show assets of 35.12 billion won, liabilities of 25.85 billion won, and net income of 9.2 billion won. Dalba Global's 2025 financials include assets of 255.3 billion won, liabilities of 56.8 billion won, and net income of 79.1 billion won. The company, listed on KOSPI since May 22, 2025, has a stock price of 265,000 won as of July 29, 2026.