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Qilin Holdings announced the successful acquisition of the Fancl cosmetics brand.
Japan's Kirin Holdings announced on Thursday that its tender offer for skincare brand Fancl has been successful, beating out a foreign fund's bid and further expanding the beer giant's presence in the medical care field. Kirin stated in a statement that after the tender offer increases its stake to slightly above 75%, Fancl will become its subsidiary company on September 19. Established in 1981, Fancl is known for its cleansing oil and nutritional supplements, primarily sold online and through catalogs.
Kirin's Ownership Ratio for Fancl to Be 75.24%
Kirin: Fancl Will Become Kirin's Consolidated Subsidiary on Sept. 19
The open tender offer for the complete subsidiary of Fancl Corporation has been completed. PDF: 538KB
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