Nippon Ski Resort Development Co., Ltd. cancelled the acquisition of Geekout Inc. from NIPPON PARKING DEVELOPMENT Co., Ltd..
July 20, 2018
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Nippon Ski Resort Development Co., Ltd. (TSE:6040) agreed to acquire Geekout Inc. from NIPPON PARKING DEVELOPMENT Co., Ltd. (TSE:2353) for ¥43 million on July 20, 2017. A contract is expected to be signed on August 1, 2017. Nippon Ski Resort Development will acquire 880 shares of Geekout. On completion, Geekout will become a subsidiary of Nippon Ski Resort Development. Geekout reported net assets of ¥36 million, total assets of ¥61 million and sales of ¥173 million during the period ended July 2016. The deal is expected to close on August 1, 2017. Kitajima Tax Accountant Office acted as valuer for Nippon Ski Resort Development.
Nippon Ski Resort Development Co., Ltd. (TSE:6040) cancelled the acquisition of Geekout Inc. from NIPPON PARKING DEVELOPMENT Co., Ltd. (TSE:2353) on July 20, 2018.
Nippon Ski Resort Development Co., Ltd. is a Japan-based company primarily engaged in the operation of ski resorts. In winter season, its ski resort provides an opportunity to enjoy at the ski slopes; in green season, its ski resort provides an opportunity to enjoy the beautiful landscape and scenery facing from alpine plants. Its ski resort business segment involves in the sales of lift tickets, the provision of food and beverages, and rental of skiing and snowboarding equipment, among others.
NIPPON SKI RESORT DEVELOPMENT CO.,LTD. 