Prospect Co., Ltd. completed the acquisition of acquire Keynote co., Ltd. from KeyHolder, Inc..
September 02, 2020
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Prospect Co., Ltd. (TSE:3528) signed a share exchange agreement to acquire Keynote co., Ltd. from KeyHolder, Inc. (JASDAQ:4712) for ¥2 billion on August 12, 2020. Under the terms of the agreement, Prospect Co., Ltd. will issue 53.72 million new shares as part of consideration. Prospect Co., Ltd. will issue its 26,860 shares for every one share of Keynote co., Ltd. Post completion Keynote co., Ltd. will become wholly owned subsidiary of Prospect Co., Ltd. Board of directors of Prospect Co., Ltd. approved the transaction. The effective date of share exchange is September 3, 2020.
Prospect Co., Ltd. (TSE:3528) completed the acquisition of acquire Keynote co., Ltd. from KeyHolder, Inc. (JASDAQ:4712) on September 3, 2020.
KeyHolder,Inc. is a Japan-based holding company mainly engaged in comprehensive entertainment business and real estate business. The Company operates three business segments. The General Entertainment segment operates live event spaces, produces TV programs, and operates and manages the business of talents and idols. The Real Estate segment is engaged in the development, sale and leasing of detached houses, condominiums, used houses and other real estates for individuals and companies. The Commercial Building segment designs and constructs various commercial facilities, including pachinko halls, KARAOKE shops, and restaurants.