[THE INVESTOR] Tax refund shop operator LIS announced on Oct. 4 that Sooin Cosmetic has signed a stock transfer agreement with its largest stockholder HC Asset Management to take over 2 million shares for 20 billion won (US$18.11 million).

Sooin Cosmetic is an original equipment manufacturer and original development manufacturer of cosmetics. It also has its own brand and is in charge of Chinese distribution for It’s Skin.

Its revenue in 2015 reached 148.8 billion won with operating profit of 22.8 billion won. The cosmetics company owns stocks of beauty companies including AmorePacific, Cosmax and Kolmar Korea, worth 23 billion won, according to its 2015 audit report.

By Hwang You-mee (glamazon@heraldcorp.com)