ZIGExN Co., Ltd. completed the acquisition of Tradecarview business of Carview Corporation.
December 03, 2018
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ZIGExN Co., Ltd. (TSE:3679) signed a contract to acquire Tradecarview business from Carview Corporation on October 31, 2018. As per terms, Carview Corporation will split its Tradecarview business and establish a new subsidiary, tradecarview Co., Ltd., on December 4, 2018. Post-closing, Tradecarview business (planned 10 shares of tradecarview Co., Ltd., representing 100% stake) will be held by ZIGExN. ZIGExN plan to finance the acquisition with available cash deposit and there is no plan of new borrowing or equity finance related to this case. For the fiscal year ended March 2018, Tradecarview business reported sales of ¥758 million and operating income of ¥47 million. The transaction has been resolved by the Board of Directors of ZIGExN Co., Ltd at the meeting held on October 31, 2018. The transaction is expected to be completed by December 4, 2018.
ZIGExN Co., Ltd. (TSE:3679) completed the acquisition of Tradecarview business of Carview Corporation on December 4, 2018.
ZIGExN Co.,Ltd. is a Japan-based company primarily engaged in life media platform business which integrates the information on multiple media. The Company operates in two business segments. Its Life Media Platform segment is engaged in the development, operation and maintenance of media that integrate information from multiple Internet and paper media, specialized media that matches users and customers for specific industries and regions, as well as application Service provider (ASP) services. The Life Media Platform segment includes three fields: human resources field, real estate field and living field. The Others segment is engaged in the plan, development, operation and maintenance of new development services centered on the user billing model, leveraging the knowledge of the existing life media platform business.