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Wonder Corp Announces Business and Capital Alliance with K-Corporation Inc.

Thursday, 23 May 2013 02:10am EDT 

Wonder Corp announced that it has signed a business and capital alliance agreement with K-Corporation Inc. According to the agreement, the Company will acquire 399 shares of K-Corporation Inc.'s stock (a 66.5% stake) from its current shareholders, effective September 1, 2013. The acquisition method and price will be decided and disclosed later. Additionally, K-Corporation Inc. will transfer one shop of its fitness business to a new company that will be established by K-Corporation Inc.'s President, and will consign another shop of the business to the new company. According to the business alliance agreement, the two companies will be cooperating in new shops development, sharing the experience in merchandising, improving the efficiency of financing, among others. 

Company Quote

-12.0 -1.17%
12:40am EDT