Cohju Corporation entered into a share transfer agreement to acquire 51% stake in ZE Energy Inc. from Traders Holdings Co.,Ltd. for ¥1,597.
May 13, 2020
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Cohju Corporation entered into a share transfer agreement to acquire 51% stake in ZE Energy Inc. from Traders Holdings Co.,Ltd. (JASDAQ:8704) for ¥1,597 on May 14, 2020. Traders Holdings will transfer 1,597 shares out of 3,131 shares to Cohju Corporation for ¥1 per share. Traders Holdings will hold 48.97% stake in ZE Energy after this transaction. Along with share transfer, Companies decided to transfer loans receivables of ZE Energy. Traders Holdings will hold ¥238 million and the remaining ¥3.07 billion will be transferred. As on May 14, 2020, Board of Directors of Traders Holdings resolved this transaction and it is expected to close on May 15, 2020.
TRADERS HOLDINGS CO., LTD. is a holding company engaged in the provision of financial services. Through its subsidiaries, the Company operates in two business segments. The Securities Trading segment is engaged in the purchase, sale, brokerage and intermediary of securities of listed companies, as well as the purchase of bonds. The Foreign Exchange Trading segment is engaged in the provision of foreign currency-based financial derivative products, as well as the trading of foreign exchange margins and options. This segment provides an around-the-clock trading environment for its clients. This segment is also engaged in the management of assets that are used for the trading of foreign exchange margin and options. In addition, the Company also engages in biomass power generation facilities business and others.
TRADERS HOLDINGS CO.,LTD. 
