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T.D.I. Co., Ltd. Forms Business and Capital Alliance with Kagoya Japan Inc.
T.D.I. Co., Ltd. announced that T.D.I. Co., Ltd. and Kagoya Japan Inc. have decided to form a business and capital alliance. Through the business alliance, the two company will be cooperating in the Internet service business. The detailed information will be decided later. Through the capital alliance, T.D.I. Co., Ltd. will be acquiring newly issued shares of Kagoya Japan Inc's stock, and shares from current shareholders of Kagoya Japan Inc., for 18,457 shares in total, at the price of JPY 561,019,000 and will eventually hold a 51% stake in Kagoya Japan Inc., effective April 4, 2012.
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