Certain Common Shares of NEXTAGE Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-JAN-2018.
January 29, 2018
Share
Certain Common Shares of NEXTAGE Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-JAN-2018. These Common Shares will be under lockup for 90 days starting from 31-OCT-2017 to 29-JAN-2018.
Details:
SMN Co., Ltd. and Seiji Hirota (our shareholders) made an agreement with Nomura Securities Co., Ltd. that as a general rule, no sale of company shares shall be done without a prior written consent from Nomura Securities Co., Ltd., during the period which starts on the issue price determination date, and ends on the 90th day counting from the general offering’s delivery date.
NEXTAGE Co., Ltd. is principally engaged in the dealing of used cars. The main businesses of the Company consist of used car store operation, maintenance, insurance agency and automobile dealing, as well as other services, such as used car export and car coating services. The used car store operation business is comprised of domestic general automobiles, light automobiles and imported automobiles. The maintenance business provides vehicle inspection and maintenance services. The insurance agency business offers automobile insurance as an insurance agency. The automobile dealing business mainly purchases vehicles that are no longer needed by its customers. The Company exports used cars mainly to developing countries and emerging countries in east Africa and Oceania. Through its subsidiary, it provides car coating services, which makes car bodies hydrophilic and durable to dirt, acid and ultraviolet degradation. It also involves in new car dealer operation business.
NEXTAGE CO., LTD. 
