An unknown asset management firm cancelled the acquisition of 9.6% stake in Aucfan Co., Ltd..
May 23, 2019
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An unknown asset management firm agreed to acquire 9.6% stake in Aucfan Co., Ltd. (TSE:3674) on May 24, 2018. Under the terms of the acquisition, 0.95 million shares will be acquired.
An unknown asset management firm cancelled the acquisition of 9.6% stake in Aucfan Co., Ltd. (TSE:3674) on May 24, 2019.
Aucfan Co.,Ltd. is a Japan-based company mainly engaged in the media business, marketplace business and solution business. The Company operates through four segments. The Media segment is involved in the operation of aucfan.com which is a shopping comparison and search site and education and individual support service named Oakfan School. The Marketplace segment is involved in the handle of stock disposal and sale of channel expansion support for corporations, as well as the operation of NetPrice which is business-to-consumer (BtoC) marketplace. The Solution segment is involved in the provision of service for corporate companies to improve business efficiency and expand business performance. The Incubation segment is involved in the investment of related businesses, as well as the provision of consulting services for these businesses.