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Hakuten CO LTD Announces Business and Capital Alliance with iact Corporation

Wednesday, 17 Jul 2013 02:30am EDT 

Hakuten CO LTD announced that it has decided to form a business and capital alliance with an Osaka-based company, iact Corporation, which mainly engages in the Web integration business, mobile integration business, marketing and promotion business. Through the business alliance, the two companies will collaborate in the exhibition and event support business. Through the capital alliance, the Company will acquire 1,964 shares of iact Corporation for JPY 100,203,000 in total, effective July 17, 2013. As a result, the Company will hold a 33.4% stake in iact Corporation, up from 0%. 

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