Subsidiary CheckPoint Decides to Acquire 100% of Japanese Golf Course Operator Honchiba Country Club for Approx. 44.3 Billion Won
- Subsidiary CheckPoint decides to acquire 15,000 shares (100%) of Japanese golf course operator Honchiba Country Club for approximately 44.3 billion won (acquisition amount: 44,299,731,249 won).
- Purpose is business diversification and improvement of profit structure.
- Total required funds amount to 5,097 million yen (approx. 47.3 billion won), including share purchase price of 4,778.8 million yen (approx. 44.3 billion won) and debt repayment support for the seller of 318.2 million yen.
- Target company's latest fiscal year (2025) financials: revenue approx. 7.98 billion won, net income approx. 20 million won, indicating low profitability.
- Samick already fully acquired CheckPoint shares on April 14, 2026, completing its incorporation as a subsidiary.
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KOSPI Filing Information
- Filing: Decision on Acquisition of Stocks and Investment Certificates of Other Corporations (Major Management Matters of Subsidiary)
- Company: Samick Musical Instruments (002450)
- Submission: Samick Musical Instruments Co., Ltd.
- Receipt: 04-27-2026
- Under KRX KOSPI Market Division