JIG-SAW INC. cancelled the acquisition of remaining 13.42% stake in Mobicomm Inc. from Yoshikuni Tanaka.
October 20, 2018
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JIG-SAW INC. (TSE:3914) signed a contract to acquire remaining 13.42% stake in Mobicomm Inc. from Yoshikuni Tanaka for ¥14.9 million on October 20, 2017. JIG-SAW will issue 1.553 common shares for every common share of Mobicomm. Upon completion, Mobicomm will become a wholly owned subsidiary of JIG-SAW. For the year ended December 31, 2016, Mobicomm had net liabilities of ¥3.8 million, total assets of ¥132.9 million, sales of ¥158.7 million and operating profit of ¥17.5 million. The board of JIG-SAW resolved the transaction on October 20, 2017 and the shareholders' of JIG-SAW will approve the transaction at its extraordinary shareholders’ meeting on November 8, 2017. The transaction is expected to complete on December 1, 2017.
JIG-SAW INC. (TSE:3914) cancelled the acquisition of remaining 13.42% stake in Mobicomm Inc. from Yoshikuni Tanaka on October 20, 2018.
Jig-Saw Inc is a Japan-based company mainly engaged in the data control business. The Data Control Business segment mainly consists of systems management and various services for the Internet of Things (IoT). In systems management, based on its proprietary puzzle robotic automated operation platform, the Company provides management (automated monitoring and operation) mainly for various physical servers, cloud servers, hybrid servers, IoT devices, and network equipment. In IoT services, the Company provides various IoT services for IoT systems and IoT devices connected to all industries based on its core fundamental technologies (software technology, hardware technology, automatic operation/control technology, and data control technology). The Company also applies its core technologies to the fields of regenerative medicine and automated driving and piloting.