C Channel Corporation agreed to acquire the remaining 25.3% stake in Maxim Co.,Ltd.
August 18, 2020
Share
C Channel Corporation (TSE:7691) agreed to acquire the remaining 25.3% stake in Maxim Co.,Ltd. on August 18, 2020. As a result of the transaction, stake of C Channel Corporation in Maxim Co.,Ltd. will increase from 74.7% to 100%. As of August 18, 2020, Board of directors of C Channel Corporation approved the transaction. The transaction is expected to complete on August 19, 2020. The impact of the share acquisition on the consolidated financial results of C Channel for the fiscal year ending March 2021 is expected to be minor.
C Channel Corp is a Japan-based company mainly engaged in the media business, electronic commerce (e-commerce) business and overseas business. The Company operates in three business segments. The Media segment is engaged in the provision of native video advertising services that plans, produces and distributes video advertising content for corporates, as well as the advertising and ad network services, event holding services, sample product sales services and influencer marketing services through the video media application C CHANNEL and mama+ in Japan. The E-commerce segment is engaged in the sale of apparel products, beauty equipment and cosmetic products in Japan through applications and social networking services (SNS). The brands include KOBE LETTUCE, Isn't She?, N WITH., and BELL PALETTE. The Overseas segment is engaged in the overseas expansion of the C CHANNEL business mainly in the Asian regions such as China, Indonesia, Philippines, Singapore, Malaysia and Vietnam.
C CHANNEL CORPORATION 