Bell-Park Co.,Ltd. completed the acquisition of OC Mobile, K.K. from Orico Business & Communications, K.K.
February 09, 2014 at 11:00 pm EST
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Bell-Park Co.,Ltd. (JASDAQ:9441) agreed to acquire OC Mobile, K.K. from Orico Business & Communications, K.K. for ¥810 million in cash on January 8, 2014. Bell-Park will acquire 2,000 shares of OC Mobile at ¥405,000 per share. There were additional advisory expenses of ¥35 million. Upon completion, Bell-Park will operate OC Mobile as its wholly-owned subsidiary. For the period ended March 2013, OC Mobile had net assets of ¥777 million, total assets of ¥1.62 billion, sales of ¥7.77 billion, operating profit of ¥21 million, ordinary profit of ¥12 million and net loss of ¥19 million. The deal is expected to close on February 10, 2014. Mizuho Bank, Ltd. acted as financial advisor for Bell Park.
Bell-Park Co.,Ltd. (JASDAQ:9441) completed the acquisition of OC Mobile, K.K. from Orico Business & Communications, K.K. on February 10, 2014.
Bell-Park Co., Ltd. is a Japan-based company engaged in the information and communication devices sale and service business centering on the operation of carrier shops. Among them, SoftBank Shops, au Shops, Y!mobile Shops and UQ Spots operate as the primary sales agent for mobile communication services, Docomo shop operates as a secondary agency. In the carrier shops, the Company arranges new contract of information communication service, sell products such as information communication equipment, conducts installment contract, maintenance business, fee planning and communication fee relates business. The co-sales stores operated by the secondary agency are limited to the sale of new contracts of information communication services and products such as information communication devices.