C Channel Corporation entered into an equity transfer agreement to acquire the remaining 49% stake in Luce Networks,.co,LTD. from Luce Asia Holding Limited.
December 15, 2020
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C Channel Corporation (TSE:7691) entered into an equity transfer agreement to acquire the remaining 49% stake in Luce Networks,.co,LTD. from Luce Asia Holding Limited on December 16, 2020. Post deal completion, Luce Networks,.co,LTD. will be a wholly owned subsidiary of C Channel Corporation. The deal was approved by the Board of Directors of C Channel Corporation. The transaction is expected to close on December 23, 2020. The impact of this additional investment on C Channel Corporation's consolidated financial results for the fiscal year ending March 2021 is expected to be minor.
C Channel Corp is a Japan-based company mainly engaged in the media business, electronic commerce (e-commerce) business and overseas business. The Company operates in three business segments. The Media segment is engaged in the provision of native video advertising services that plans, produces and distributes video advertising content for corporates, as well as the advertising and ad network services, event holding services, sample product sales services and influencer marketing services through the video media application C CHANNEL and mama+ in Japan. The E-commerce segment is engaged in the sale of apparel products, beauty equipment and cosmetic products in Japan through applications and social networking services (SNS). The brands include KOBE LETTUCE, Isn't She?, N WITH., and BELL PALETTE. The Overseas segment is engaged in the overseas expansion of the C CHANNEL business mainly in the Asian regions such as China, Indonesia, Philippines, Singapore, Malaysia and Vietnam.
C Channel Corporation entered into an equity transfer agreement to acquire the remaining 49% stake in Luce Networks,.co,LTD. from Luce Asia Holding Limited.
C CHANNEL CORPORATION 
