At a meeting held today, the Adastria Co., Ltd. (“Adastria”) Board of Directors resolved to acquire all outstanding shares (“Acquisition”) of a company (“Target Company”) scheduled to succeed the TODAY’S SPECIAL and GEORGE’S businesses of WELCOME Co., Ltd. via an absorption-type demerger, making said Target Company a subsidiary of Adastria.
This transaction will be conducted by having TODAY’S SPECIAL Co., Ltd., wholly owned subsidiary of WELCOME Co., Ltd., succeed the TODAY’S SPECIAL and GEORGE’s businesses via absorption-type demerger, with Adastria then acquiring all shares of Target Company.
* Details of the above release can be viewed in PDF file.
Notice Concerning Acquisition of Shares of Company Succeeding to the TODAY'S SPECIAL and GEORGE’S Businesses of WELCOME Co., Ltd. via Absorption-Type Demerger, Converting Said Company to a Subsidiary