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RealVision Inc Announces Officer Changes and Changes in Shareholding Structure to Enhance Business and Capital Alliance with Syswave Holdings Corp

Tuesday, 27 Nov 2012 02:30am EST 

RealVision Inc announced that it has appointed Hitoshi Yamakawa as the new President of the Company, to replace Naoshi Sugiyama, who will be the new Chairman of the Board, effective January 25, 2013. The Company also announced that Naoshi Sugiyama will decrease his shares in the Company from 7,419 shares (a 15.08% stake) to 0 share and no longer be the second largest shareholder, while Syswave Holdings Corp will increase its shares in the Company from 8,000 shares (a 16.26% stake) to 15,820 shares (a 32.16% stake) for JPY 234,600,000, effective November 28, 2012. This is an enhancement for business and capital alliances between the two companies, which was announced on September 28, 2012. 

Company Quote

-1.0 -0.47%
2:00am EDT