Chuco Co., Ltd. cancelled the cquisition of free living information magazine publication business of Polish Publishings, Inc.
July 03, 2016
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Chuco Co., Ltd. (TSE:2139) agreed to acquire free living information magazine publication business of Polish Publishings, Inc. on July 3, 2015. Chuco will acquire business free of charge. The deal was resolved by the Board of Directors of Chuco. The contract will be concluded on July 16, 2015 and the deal is expected to complete on July 16, 2015.
Chuco Co., Ltd. (TSE:2139) cancelled the acquisition of free living information magazine publication business of Polish Publishings, Inc. on July 3, 2016.
Chuco Co Ltd is a Japan-based company mainly engaged in the publication and operation of the free magazine Happy Media, as well as sales promotion including advertising agency and the planning and operation of sales promotion measures. The Media Advertising segment mainly consists of paper media such as Chiiki Mitchaku Seikatsu Johoshi, Start! and others, and Internet media such as application Furimo, job information site Machi JOB, and Website Free Mall. The segment provides promotions including wide-area sales and joint distribution of various media, advertisements on media, the planning, production, and sales of sales promotion tools, the sales, and crowdfunding of digital transformation (DX) products, and others. The main products are local free magazines that consists of the latest current events, feature articles and advertising information. It also operates advertising business that develops advertising strategies, plans, and sales promotion plans, and online mail order sales.