Inactive Instrument

Grand Perfecta, Inc.

GPIW

US38611X1081

Link Bit Consulting Co., Ltd. Enters into Money Loan Agreement of JPY 100,000,000 with Fuji Kigyo Co., Ltd

December 22, 2015 at 02:35 am IST

On December 18, 2015, Link Bit Consulting Co. Ltd. entered into a Money Loan Agreement with Fuji Kigyo Co. Ltd. pursuant to which Fuji Kigyo agreed to lend to the Company USD 821,000.

The loan proceeds were received by the Company on December 18, 2015. Under the terms of the Money Loan Agreement, interest accrues on the unpaid principal at the rate of 12% per annum and is payable monthly. Principal is repaid in 20 equal monthly installments beginning the last day of July 2017.

At October 31, 2015, the Company was indebted to Fuji Kigyo in the amount of USD 830,000 under an unsecured note issued in January 2011 that bears interest at 12% per annum and is payable monthly.

Latest news about Grand Perfecta, Inc.

Liu Yang cancelled the acquisition of Grand Perfecta, Inc.	26/20/26	CI
Grand Perfecta, Inc. Announces Executive Changes	26/19/26	CI
Liu Yang entered into an agreement for the purchase of common stock to acquire 15.1% stake in Grand Perfecta, Inc. from Steve Yetter, Chairman of the Board, Chief Executive Officer, Chief Financial Officer and sole director of Grand Perfecta for $0.27 million.	26/19/26	CI
Grand Perfecta, Inc. Reports Earnings Results for the Full Year Ended July 31, 2019	19/19/19	CI
Shuya Watanabe Resigns as a Director of Grand Perfecta, Inc., Effective July 26, 2018	30/18/30	CI
Grand Perfecta, Inc. Announces Management Changes	29/18/29	CI
An unknown buyer acquired Link Bit Consulting Co., Ltd. from Grand Perfecta, Inc. for $0.5 million.	28/18/28	CI
Grand Perfecta, Inc. Announces Resignation of Enrique Marchese as Director	08/17/08	CI
Link Bit Consulting Co., Ltd. Enters Loan Agreement with Toshiro Ohshimo	20/16/20	CI
Link Bit Consulting Co., Ltd. Enters into Money Loan Agreement of JPY 100,000,000 with Fuji Kigyo Co., Ltd	22/15/22	CI
Grand Perfecta Inc. Reports Preliminary Unaudited Earnings Results for the Full Year Ended July 31, 2014	02/14/02	CI
Grand Perfecta, Inc. announced that it has received $3 million in funding	02/14/02	CI
Grand Perfecta, Inc. announced that it expects to receive $3 million in funding	20/14/20	CI
Link Bit Consulting Co., Ltd completed the acquisition of STI Holdings, Inc. in a reverse merger transaction.	12/12/12	CI
Link Bit Consulting Co., Ltd entered into a letter of intent to acquire STI Holdings, Inc in a reverse merger transaction.	25/12/25	CI

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Company Profile

Grand Perfecta, Inc. is engaged in the business of gathering, publishing and disseminating horse racing information and other content related to horse racing in Japan and the Japanese horse racing industry. The Company's operations are conducted in Japan through its subsidiary, LinkBit Consulting Co, Ltd. (LinkBit). As of July 31, 2016, LinkBit had nine Websites that it owns and operates through its various subsidiaries. The Company's primary business is the delivery through the Internet and by phone to users and other consumers in Japan and Hong Kong of information on horse racing and then convert those users to paying customers for enhanced services. As of July 31, 2016, it maintained 7 to 10 branded Websites, which each have concepts and which are operated to meet the respective preferences of horse racing fans, the Company's users and customers. Its subsidiaries include Ban Kisha Net Co., Ltd, Turf Agent Co., Ltd., Real Selector Co., Ltd. and Tau Project Co., among others.

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