South Korean cosmetics firm APR sold part of its stake in cosmetics maker Nodinary to Cornerstone Cheongryong No. 4 New Technology Association, Pulse News reported Wednesday, citing an APR release.
The sale proceeds when combined with the current valuation of its remaining Nodinary shares yields a 600% return on investment over three years, the report said.
APR had acquired a 16.77% stake in Nodinary for 1 billion won in August 2021, becoming its second-largest shareholder, the report said.
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