SOCIALWIRE CO., Ltd. cancelled the acquisition of 49% stake in Entrehub Co., Ltd. from Entrehub Holdings Pte. Ltd.
March 01, 2017
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SOCIALWIRE CO., Ltd. (TSE:3929) agreed to acquire 49% stake in Entrehub (Thailand) Co., Ltd. from Entrehub Holdings Pte. Ltd. on February 29, 2016. The Board of Directors of Entrehub Holdings Pte. Ltd. resolved to sell the stake in Entrehub (Thailand) Co., Ltd. A contract will be signed by March 1, 2016. Under the terms of the deal, SOCIALWIRE will acquire 9800 shares of Entrehub and will hold 49% voting rights in Entrehub upon closing. The deal is expected to close on April 1, 2016.
SOCIALWIRE CO., Ltd. (TSE:3929) cancelled the acquisition of 49% stake in Entrehub (Thailand) Co., Ltd. from Entrehub Holdings Pte. Ltd. on March 1, 2017.
SOCIALWIRE CO.,LTD. is a Japan-based company mainly engaged in the news wire business and incubation business. The Company operates through two business segments. The News Wire segment is involved in the at press, at clipping, find model and other Public Relations (PR) related services. The Incubation segment is involved in the provision of crosscoop and other consulting services. The Company is also involved in the translation, crowdsourcing, among others.