Quantum Solutions Co.,Ltd. (TSE:2338) agreed to acquire 2.5% stake in JP GAMES, Inc from TBT Office LLC for ¥120 million on December 15, 2023. As part of acquisition, 110 shares will be acquired. The transaction is subject to JP GAMES board and shareholders approval. Quantum Solutions plans to fund the acquisition from own funds. For period ended December 2022, JP GAMES reported net assets of ¥530 million, total assets of ¥2.7 billion, sales of ¥2.3 billion, operating loss of ¥82 million and net income of ¥113 million. Signing of contract is scheduled on December 22, 2023. The transaction is expected to complete during December 22, 2023 to December 31, 2024. As on December 22, 2023, the transaction is expected to complete during December 22, 2023 to January 31, 2024.

Quantum Solutions Co.,Ltd. (TSE:2338) completed the acquisition of 2.5% stake in JP GAMES, Inc from TBT Office LLC on January 12, 2024.