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The Earth Co Announces Capital and Business Alliances with Don Quijote Co Ltd and Don Quijote's Subsidiary; Announces Changes in Shareholding Structure


Friday, 1 Mar 2013 05:30am EST 

The Earth Co announced that it has signed capital and business alliances with Don Quijote Co Ltd and its subsidiary on March 1, 2013. Through the business alliance, The Earth will provide real estate-related advisory service to Don Quijote and enhance the visibility of its service. Through the capital alliance, The Earth will issue 1,300,000 shares of its common stock, at the price of JPY 1,300 per share (JPY 1,690,000,000 in total), to the subsidiary of Don Quijote on April 22, 2013. As a result, the subsidiary will hold a 49.20% stake (1,360,000 shares) in The Earth up from a 4.10% stake (60,000 shares), and become the top shareholder and parent company of The Earth, while the former top shareholder will hold a 15.67% stake (433,301 shares) down from 29.59% stake (433,301 shares), effective April 22, 2013. 

Company Quote

159.0
-5.0 -3.05%
8:37pm EDT