Food Retail & Distribution

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GS Retail to acquire stake in PARNAS HOTEL CO., LTD.

Friday, 31 Jul 2015 03:35am EDT

GS Retail Co Ltd:To acquire 67.56 stake ( 6,654,675 shares) in PARNAS HOTEL CO., LTD., which is mainly engaged in hotel business, to improve operating efficency and create synergy.Transaction amount of 760,000 mln.To hold 67.56 stake ( 6,654,675 shares) in PARNAS HOTEL, after the transaction.

Dairei announces shareholding structure change

Thursday, 30 Jul 2015 08:05pm EDT

Dairei Co Ltd:Says its controlling shareholder, a Tokyo-based company has cut voting power in the company to 45.49 pct from 51.49 pct, on Dec. 18, 2014s.

Consumer Capital Group Inc announces completion of acquisition - Form 8-K

Tuesday, 28 Jul 2015 10:20am EDT

Consumer Capital Group Inc:Says on July 2, completed an acquisition of 51 pct of capital stock and effectively controls majority interest of Shanghai Zhong Hui Financial Information Services Corp., company established under laws of People’s Republic of China, pursuant to share exchange agreement.Pursuant to agreement, company agreed to issue 5,000,000 shares of common stock, par value $0.0001 per share, to certain individuals affiliated with Zhong Hui, valued at $1.00 per share for a total of $5,000,000 or about 31,000,000 Yuan, to exchange 51% of capital stock of Zhong Hui.As incentive for the closing of the Acquisition, the Company also agreed to issue to the Affiliates 5,000,000 additional shares of the Common Stock, and three-year warrants purchasing up to 5,800,000 shares of Common Stock at an exercise price of $2.00 per share, respectively.Says aggregate consideration paid to acquiree in connection with the Acquisition was $5,000,000 mln in stock.

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