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Provider: Thomson Reuters Stock Report

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ecash corp to Sell Shares of Wholly Owned Subsidiary; Forms Business Alliance with Japan-based Company

Friday, 21 Dec 2012 01:30am EST 

ecash corp announced that it will sell 400 shares of its wholly owned subsidiary, which is engaged in the planning, development and operation of access analysis and advertising effect measurement service for mobile in Shizuoka prefecture, Japan, at the price of JPY 27,000,000 in total, effective January 1, 2013. As a result, the Company will hold no stakes in the subsidiary, down from 100% (400 shares). The Company also formed a business alliance with a Japan-based company, which is engaged in the planning, producing and sales of games for arcade use, development and sales of computer hardware and software, as well as the advertising planning and copyright management of cartoon character merchandise in Tokyo, Japan, on December 21, 2012. Through the business alliance, the two companies will work together on development of new game software, charge system provision of games online or games for mobile phone use, sales agency and cooperation of two companies' products and services, as well as the exchange of human resources. 

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24 Oct 2014