Interlife Holdings Co., Ltd. cancelled the acquisition of Largo Corporation from Haruo Yamamoto and Masashi Ono.
July 10, 2018
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Interlife Holdings Co., Ltd. (JASDAQ:1418) signed a basic agreement to acquire Largo Corporation from Haruo Yamamoto and Masashi Ono on July 11, 2017. Interlife Holdings Co., Ltd. (JASDAQ:1418) signed an agreement to acquire Largo Corporation from Haruo Yamamoto and Masashi Ono on August 25, 2017. Interlife Holdings will acquire 0.03 million shares in Largo Corporation. Under the terms of the transaction, Haruo Yamamoto and Masashi Ono will transfer 75.1% and 24.9% stake respectively. Funds for the acquisition will be from funds on hand. As of March 2017, Largo Corporation reported net assets of ¥15 million, total assets of ¥84 million, sales of ¥42 million, operating loss of ¥73 million, and Net loss of ¥148 million. The transaction was resolved by the board of directors of Interlife Holdings Co., Ltd. The transaction is expected to be completed on September 1, 2017.
Interlife Holdings Co., Ltd. (JASDAQ:1418) cancelled the acquisition of Largo Corporation from Haruo Yamamoto and Masashi Ono on July 11, 2018.
INTERLIFE HOLDINGS CO., LTD. is engaged in store-related businesses. The Company operates in four segments. The Construction segment includes interior design of stores and offices, design of amusement stores, sound and lighting equipment, cleaning and maintenance of buildings. The Staffing Services segment includes staffing, education and training businesses. The Store Service segment is engaged in sales of mobile phones, and the provision of agency services for mobile communication services. The Real Estate segment brokers and leases real estate.
INTERLIFE HOLDINGS CO., LTD. 
