Forside Co., Ltd. acquired remaining 60% stake in Japan Rent Apartment Guarantee Organization from REXEM Co., Ltd. for approximately ¥580 million.
March 28, 2019
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Forside Co., Ltd. (JASDAQ:2330) agreed to acquire remaining 60% stake in Japan Rent Apartment Guarantee Organization from REXEM Co., Ltd. for approximately ¥580 million on March 1, 2018. Forside Co., Ltd. acquire 2400 shares of Japan Rent Apartment Guarantee Organization from REXEM Co., Ltd. at a price of 0.24 million per share.
Forside Co., Ltd. (JASDAQ:2330) completed the acquisition of Rent Apartment Guarantee Organization from REXEM Co., Ltd. on March 1, 2019.
Forside Co.,Ltd. is a Japan-based company mainly engaged in the content business and related business. The Company has six business segments. The Content segment is engaged in the planning, production and provision of content for e-books. The Master Rights segment is engaged in the planning, production and sale of original goods. The Real Estate Related segment is engaged in the provision of rental guarantee and management services for real estate, as well as the trading and operation of investment real estate. The Investment Banking segment is engaged in the provision of advisory services such as mergers and acquisitions (M & A) services. The Prize segment is engaged in the planning, production and sale of prizes for amusement equipment. The FinTech Related segment is engaged in the mining of cryptocurrencies. The Company is also engaged in the event business, the loan business, the distribution licensing business and the product sales business.