Kyodo Public Relations Co., Ltd. signed a share transfer agreement to additional acquire 36.53% stake in VAZ Inc. from Tetsuya Tani and one other company.
December 23, 2021
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Kyodo Public Relations Co., Ltd. (JASDAQ:2436) signed a share transfer agreement to additional acquire 36.53% stake in VAZ Inc. from Tetsuya Tani and one other company on December 23, 2021. As per terms, Kyodo Public Relations will acquire 5,991 shares. Currently, Kyodo Public Relations holds 600 shares equivalent to 3.66% stake and post completion will hold 40.19% stake. For the year ending, June 2021, total asset, net asset, revenue, operating loss and net loss of VAZ Inc. was ¥363 million, ¥215 million, ¥800 million, ¥104.8 million and ¥92.5 million. The transaction is expected to close on January 14, 2022.
KYODO PUBLIC RELATIONS CO., LTD. is mainly engaged in the public relation (PR) business. The Company provides three services, including retainer service, optional and spot service, as well as paid publicity service. The retainer service offers support and consulting services for corporate clients' publicity events, based on contracts of more than six months. The optional and spot service provides services for companies based on contracts of less than six months. The paid publicity service helps customers to post their publicity contents on newspaper and magazines.
Kyodo Public Relations Co., Ltd. signed a share transfer agreement to additional acquire 36.53% stake in VAZ Inc. from Tetsuya Tani and one other company.