Extreme Co.,Ltd. completed the acquisition of remaining 49% stake in ex-labo co., Ltd. from AltPlus Inc.(TSE:3672).
May 28, 2020
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Extreme Co.,Ltd.(TSE:6033) signed an agreement to acquire remaining 49% stake in ex-labo co., Ltd. from AltPlus Inc.(TSE:3672)for ¥4.9 million on April 23, 2020. AltPlus Inc. will sell 490 shares of ex-labo co., Ltd. Prior to the transaction, Extreme Co.,Ltd. holds 51% stake and AltPlus Inc. holds 49% stake in ex-labo co., Ltd. After the transaction, ex-labo co., Ltd. will operate as a wholly owned subsidiary of Extreme Co.,Ltd. The Board of Directors of AltPlus Inc. passed a resolution for the transaction on April 23, 2020. The transaction is expected to be completed on May 29, 2020. AltPlus Inc. will record an extraordinary income of ¥63.1 million for the third quarter of the fiscal year ending September 30, 2020.
Extreme Co.,Ltd. (TSE:6033) completed the acquisition of remaining 49% stake in ex-labo co., Ltd. from AltPlus Inc.(TSE:3672) on May 29, 2020.
EXTREME CO.,LTD. is a Japan-based company mainly engaged in the planning and development of games, digital contents, etc. The Company operates in two segments. The Solution segment provides technical services through worker dispatching and business contract. The Content Property segment provides game services, licensing services and collaborative development services.