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Kenkou Corp Inc Signs Capital and Business Alliance with Idea International Co Ltd; to Acquire Shares Issued by Idea International Co Ltd

Friday, 23 Aug 2013 04:30am EDT 

Kenkou Corp Inc announced that it has signed a capital and business alliance with Idea International Co Ltd on August 23, 2013. The two companies will collaborate in product development, advertising and promotion, as well as marketing in everyday sundries and cosmetics industry. Idea International Co Ltd will redeem its first series convertible bonds before maturity by September 26, 2013. Kenkou Corp Inc will acquire 1,457,000 shares newly issued by Idea International Co Ltd, at the price of JPY 417 per share, or JPY 607,569,000 in total, by September 25, 2013. After the share issuance, Kenkou Corp Inc will hold a 66.25% stake in Idea International Co Ltd, up from 0%. 

Company Quote

-52.0 -3.53%
7:08pm EST