Simplex Holdings, Inc. acquired 19.99% stake in CIRCULATION Co.,Ltd. from Masatoshi Kubota for ¥1.4 billion.
January 29, 2024
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Simplex Holdings, Inc. (TSE:4373) acquired 19.99% stake in CIRCULATION Co.,Ltd. (TSE:7379) from Masatoshi Kubota for ¥1.4 billion on January 30, 2024. As part of acquisition, 1,668,600 shares were acquired for ¥828 per share.
Simplex Holdings, Inc. (TSE:4373) completed the acquisition of 19.99% stake in CIRCULATION Co.,Ltd. (TSE:7379) from Masatoshi Kubota on January 30, 2024.
Simplex Holdings Inc is a Japan-based company mainly engaged in the provision of consulting services, as well as the development, operation and maintenance of system. The Company is involved in the provision of information technology (IT) solutions related to system proposals, construction and operation and maintenance. The Company provides products such as SimplexPRISM, which is used by institutional investors for fund management operations and SimplexFX, which is a foreign exchange margin trading (FX) solution equipped with a dealing engine that contributes to improving the profitability of financial institutions in the financial frontier area. The Company provides Simplex x Insurance, which covers a series of insurance operations in the life insurance and non-life insurance domain and provides products and services such as Simple x CryptoCurrency, a crypto asset trading platform that utilizes blockchain technology in the crypto asset domain.