Chubu-Nippon Broadcasting Co., Ltd. signed a share purchase agreement to acquire 80% stake in Kmax Co.,Ltd. from Hiroyuki Kudo, Hiroshi Konishi, Naoki Iiyama and Takatomo Chisa.
October 15, 2020
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Chubu-Nippon Broadcasting Co., Ltd. (NSE:9402) signed a share purchase agreement to acquire 80% stake in Kmax Co.,Ltd. from Hiroyuki Kudo, Hiroshi Konishi, Naoki Iiyama and Takatomo Chisa on October 15, 2020. Following acquisition, current management team will continue to be involved in the management of K-max. Under the transaction, Chubu-Nippon Broadcasting will purchase 640 shares of Kmax. As on April 2020, Kmax reported net worth of ¥437 million, total assets of ¥755 million, amount of sales as ¥3.124 billion, operating income of ¥24 million and net income of ¥23 million. The date of execution of share agreement is April 1, 2021.
CHUBU-NIPPON BROADCASTING CO.,LTD. is a Japan-based company mainly engaged in the television and radio broadcasting business. The Company operates through two business segments. The Broadcasting-related segment is engaged in the television and radio broadcasting, and the production and sale of programs under the broadcasting law. The main contents include music and sports events, news, weather, and housing exhibitions. It is also engaged in the advertising agency business. The Real Estate-related segment is engaged in real estate leasing and management business, and solar power generation business. The Company is also engaged in operation of golf course, insurance agency business, office automation (OA) equipment sale, taxi transport passenger business.
Chubu-Nippon Broadcasting Co., Ltd. signed a share purchase agreement to acquire 80% stake in Kmax Co.,Ltd. from Hiroyuki Kudo, Hiroshi Konishi, Naoki Iiyama and Takatomo Chisa.
CHUBU-NIPPON BROADCASTING CO., LTD. 