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Kirin Holdings Acquires 30% Stake in Fancl Corp

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Kirin Holdings Co Ltd. has taken a 30.3% stake in cosmetics company Fancl Corp at a value of ¥129 billion, reports Reuters.

Kirin Holdings—the second largest beer maker in Japan—is currently aiming to shed underperforming overseas assets in favor of expanding into health foods and beverages. The company’s investment in Fancl, which is known for preservative-free cosmetics and supplements, is its latest move in that shift.