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VLC Holdings Co Ltd to Acquire Shares of Japan-based Company; to Fully Acquire Japan-based Company through Stock Swap


Friday, 8 Mar 2013 02:05am EST 

VLC Holdings Co Ltd announced that it has decided to acquire 76 shares (38% stake) of a Japan-based company, for JPY 50 million, on March 11, 2013. The Company has also decided to fully acquire the Japan-based company through stock swap, effective March 31, 2013. One Japan-based company share can be exchanged into 80 shares of the Company. Another Japan-based company, which is engaged in business guidance, has become the third major shareholder of the Company, holding 9,920 shares (15.70% voting rights), up from 0 share, effective March 31, 2013. 

Company Quote

123.0
-2.0 -1.60%
2 Sep 2014