H2O Retailing Corporation (TSE:8242) entered into an agreement to acquire additional 47.6% stake in Ningbo Development Co., Ltd. from Cool Japan Fund, Inc. on March 29, 2024. Ningbo Development reported net assets of ¥22.8 billion, total assets of ¥22.8 billion, operating loss of ¥4.3 million, operating loss of ¥4.3 million and net income of ¥18.9 million for year ending December 2023. The transaction is expected to close on May 20, 2024.
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- H2O Retailing Corporation entered into an agreement to acquire additional 47.6% stake in Ningbo Development Co., Ltd. from Cool Japan Fund, Inc.