MileShare Co., Ltd. agreed to acquire PINK Co., Ltd. from Zappallas, Inc. and others.
March 18, 2021
Share
MileShare Co., Ltd. agreed to acquire PINK Co., Ltd. from Zappallas, Inc. (TSE:3770) and others on March 19, 2021. On March 31, 2021 agreement has been signed. Under the terms of transaction, Zappallas will sell 0.006799 million shares. As of financial year ending March 2020, PINK Co., Ltd. reported net assets of ¥52.16 million, total assets of ¥69.442 million, sales of ¥252.232 million, operating loss of ¥1.803 million, and net loss of ¥1.929 million. Transaction is expected to complete on April 1, 2021.
ZAPPALLAS, INC. is a Japan-based company mainly engaged in the provision of content services. The Company has two business segments. The Mobile Services segment is engaged in the planning, production, development and operation of divination and other digital content through mobile devices, the provision of telephone divination and divination related services, and other mobile-related services, as well as the operation of media sites. The Overseas segment is engaged in the operation of divination sites in the United States, as well as the sale of advertisings and content to users. The Company is also engaged in the application service provider (ASP) business for corporates, the planning of virtual reality (VR) content, the operation of online shopping sites, as well as the travel business.
ZAPPALLAS, INC. 
