Shiseido buys out Hong Kong joint venture

Published: 11-May-2010
Finance

Japanese beauty giant acquires remaining 50% stake in Shiseido Dah Chong Hong Cosmetics


Shiseido is to acquire the remaining 50% stake in Hong Kong-based joint venture company, Shiseido Dah Chong Hong Cosmetics, in an attempt to reinforce its business in China.

The Japanese beauty giant is set to buy the stake from local trader Dah Chong Hong, which sells Shiseido products in Hong Kong, Macau and Guangdong, for HK$500m on 30 June 2010. The joint venture company is estimated to enjoy annual sales of ¥12bn.
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