R-1 GK acquired 8.29% stake in SmartEbook.com Co Ltd from Yukinao Yasujima and Wisemen.com Co., Ltd. for approximately ¥200 million.
October 10, 2014 at 12:00 am EDT
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R-1 GK acquired 8.29% stake in SmartEbook.com Co Ltd from Yukinao Yasujima and Wisemen.com Co., Ltd. for approximately ¥200 million on October 10, 2014. Under the transaction, R-1 GK acquired 1.82 million shares at the price of ¥110 per share in SmartEbook.com from the individual and other sellers, wherein the individual sold 1.52% stake in SmartEbook.com, thereby reducing stake from 24.77% to 23.25%.
R-1 GK completed the acquisition of 8.29% stake in SmartEbook.com Co Ltd from Yukinao Yasujima and Wisemen.com Co., Ltd. on October 10, 2014.
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.