WM Growth No. 4 Investment Limited Partnership, a fund managed by WM PARTNERS Co., Ltd. entered into an agreement to acquire 38.5% stake in redfox, Inc. from OPT Holding, Inc..
December 18, 2018
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WM Growth No. 4 Investment Limited Partnership, a fund managed by WM PARTNERS Co., Ltd. entered into an agreement to acquire 38.5% stake in redfox, Inc. from OPT Holding, Inc. (TSE:2389) on December 19, 2018. Under the terms of the transaction, OPT Holding, Inc. will transfer 0.01 million shares of redfox, Inc. The transaction was resolved by the Board of OPT Holding, Inc. on December 19, 2018. The transaction is expected to close on December 20, 2018.
Digital Holdings Inc, formerly OPT Holding Inc is a Japan-based company principally engaged in the Internet advertising business. The Company operates in two business segments. The Marketing segment provides Internet advertising for large companies, digital marketing, related services, and digital marketing solutions for local small and medium enterprises. The Synergy Investment segment is involved in the investment in Internet-related venture companies, the information collecting in the United States, the development of artificial intelligence (AI) and AI platforms, the provision of digital shift support education services for companies, and the general trade operated in China.
WM Growth No. 4 Investment Limited Partnership, a fund managed by WM PARTNERS Co., Ltd. entered into an agreement to acquire 38.5% stake in redfox, Inc. from OPT Holding, Inc..