An unknown buyer acquired 4.98% stake in Axel Mark Inc. from Septeni Holdings Co., Ltd..
November 04, 2015 at 11:00 pm
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An unknown buyer acquired 4.98% stake in Axel Mark Inc. (TSE:3624) from Septeni Holdings Co., Ltd. (JASDAQ:4293) on November 5, 2015. Septeni Holdings sold 0.22 million shares of Axel Mark Inc. After the transaction, Septeni Holdings will hold 2.18 million shares of Axel Mark Inc. and Axel Mark Inc. will no longer be a subsidiary of Septeni Holdings. Septeni Holdings Co., Ltd's executives concurrently serving as executives in Axel Mark will all retire by the conclusion of Axel Mark's 23rd fixed shareholders' meeting on December 16, 2015. Future new executives will not hold concurrent positions. The Board of Directors of Septeni Holdings Co., Ltd. passed a resolution for the transaction on November 5, 2015.
An unknown buyer completed the acquisition of 4.98% stake in Axel Mark Inc. (TSE:3624) from Septeni Holdings Co., Ltd. (JASDAQ:4293) on November 5, 2015.
Septeni Holdings Co Ltd is a Japan-based company principally engaged in the Internet advertising business. The Company operates its business through two business segments. The Internet Marketing segment is involved in the provision of Internet advertising support, the operation of marketing platforms such as cloud-based customer relationship management (CRM) services and affiliate networks, and the other businesses that support Internet marketing for companies. The Media Content segment provides manga contents, recruitment platform, social contribution platform, medical platform, childcare platform.