Jaan Secures 25 Billion Investment... Full-Scale Promotion of New Business

[Asia Economy Reporter Jang Hyowon] Jaahn Co., Ltd. has successfully secured an investment of 25 billion KRW while welcoming new ownership. Jaahn Co., Ltd. plans to actively pursue new business ventures using the secured funds as soon as the new management team is appointed.

Jaahn Co., Ltd. announced on the 24th through a public disclosure that it succeeded in a third-party allotment paid-in capital increase and convertible bond issuance, securing a total of 25 billion KRW in funds.

The third-party allotment paid-in capital increase amounted to 15 billion KRW, and through the payment of the capital increase, the largest shareholder changed to CEO An Sichan. The largest shareholder’s stake is 29.3%, and the purpose of acquiring the shares is management participation. A special shareholders' meeting will be held later to appoint the new management team. The convertible bonds were issued in the amount of 10 billion KRW, with Jaahn Holdings Co., Ltd. paying 8.7 billion KRW and CEO An Sichan paying 1.3 billion KRW.

Since changing its company name from Hansol C&P to Jaahn Co., Ltd. on the 20th of last month, Jaahn Co., Ltd. has continuously made multifaceted efforts to enhance shareholder value, including improving stock liquidity through a stock split and conducting a bonus issue. With this funding secured, Jaahn Co., Ltd. can now focus on a comprehensive corporate restructuring by simultaneously attracting funds to secure new growth engines, changing the largest shareholder, and appointing new management.

A company official stated, “Starting with the change of the largest shareholder, we plan to pursue measures to maximize management efficiency, such as strengthening existing businesses and exploring new businesses,” adding, “By securing sufficient financial resources, we will create a meaningful growth foundation through business diversification that strengthens not only financial soundness but also market competitiveness.”

In particular, CEO An Sichan, who secured the position of largest shareholder this time, also serves as the head of Jaahn Group, raising expectations for synergy between Jaahn Co., Ltd. and Jaahn Group. Since its founding in 2011, Jaahn Group has focused on the sales platform business for clothing and cosmetics products. Through the platform called ‘CELECON,’ it distributes and sells clothing and cosmetics centered on high-end luxury brands such as Nudie Jeans, Balenciaga, Hydrogen, Thom Browne, Ereuno, and Valentino. As of last year, its sales reached approximately 50 billion KRW, marking a growth rate of over 300% in six years, and its operating profit was about 15 billion KRW, with an operating profit growth rate exceeding 400% over six years.

A company official added, “We expect Jaahn Co., Ltd.’s performance to grow rapidly by introducing new businesses that can create synergy with the rapidly growing Jaahn Group,” and continued, “We plan to pursue related businesses such as the beauty business linked to Jaahn Group’s luxury fashion, and the fulfillment center business (logistics-related business) that can support the expansion of the platform business centered on CELECON. Since significant progress has already been made, these new businesses can be reflected in performance within this year, which will greatly increase the company’s value.”

This content was produced with the assistance of AI translation services.