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Wonder Corp Signs Business and Capital Alliance with K-Corporation Inc


Thursday, 29 Aug 2013 02:00am EDT 

Wonder Corp announced that it has signed a business and capital alliance agreement with K-Corporation Inc, on August 29, 2013. According to the agreement, the Company will acquire 399 shares (66.5% stake) of K-Corporation Inc.'s stock from its current shareholders, at the price of JPY 500,000 per share, or JPY 199,500,000 in total, effective September 1, 2013. 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

1125.0
-34.0 -2.93%
2:00am EDT