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    4399   JP3266300007

KUFU COMPANY INC.

(4399)
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Kufu Company Inc. cancelled the acquisition of 51.1% stake in Zaim, Inc. from existing shareholders.

11/13/2019 EDT

Kufu Company Inc. (TSE:4399) signed a basic agreement to acquire 51.1% stake in Zaim, Inc. from existing shareholders on November 13, 2018. Kufu Company Inc. concluded the share transfer contract to acquire 51.1% stake in Zaim, Inc. from existing shareholders on December 19, 2018. Kufu Company Inc. will acquire 470 shares of Zaim, Inc. A share transfer agreement will be signed in late December 2018. Kufu Company Inc. will fund the transaction through funds on hand. After the transaction, Zaim, Inc. will become a subsidiary of Kufu Company Inc. Zaim, Inc. reported net assets of ¥121 million as at August 31, 2018. The Board of Directors of Kufu Company Inc. passed a resolution for the transaction on November 13, 2018. The transaction is expected to be completed in mid-January 2019. As of December 19, 2018, the transaction is expected to be completed in early January, 2019. Kufu Company Inc. (TSE:4399) cancelled the acquisition of 51.1% stake in Zaim, Inc. from existing shareholders on November 13, 2019.


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Managers and Directors
Ikuyo Horiguchi Representative Director
Yoshiteru Akita Director
Shinsuke Ishiwatari Director
Jun Kanma Director
Yuki Kumagai Director
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