Yashima Business Management Services Limited Liability Company, Yashima Co., Ltd., Sequedge Japan Holdings Inc. and Asco Co., Ltd. completed the acquisition of 90% stake in TITICACA, Co. Ltd. from NCXX Group Inc..
September 31, 2022
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Yashima Business Management Services Limited Liability Company, Yashima Co., Ltd., Sequedge Japan Holdings Inc. and Asco Co., Ltd. acquired a 90% stake in TITICACA, Co. Ltd. from NCXX Group Inc. (TSE:6634) on September 1, 2022. Yashima Business Management Services Limited Liability Company will acquire a 40% stake, Yashima Co., Ltd. will acquire a 10% stake, Sequedge Japan Holdings Inc. will acquire an additional 30% stake and Asco Co., Ltd. will acquire a 10% stake. Idesawa & Partners acted as legal advisor to NCXX Group Inc. and Yamamoto CPA Office acted as accountant to NCXX Group Inc.
Yashima Business Management Services Limited Liability Company, Yashima Co., Ltd., Sequedge Japan Holdings Inc. and Asco Co., Ltd. completed the acquisition of 90% stake in TITICACA, Co. Ltd. from NCXX Group Inc. (TSE:6634) on September 1, 2022.
NCXX Group Inc is a Japan-based company engaged in Internet of Things (IoT) business, Internet travel business, brand retail platform business, virtual currency block chain business and other business. The Company operates through five business segments. The Brand Retail Platform segment is engaged in retail of general merchandise and clothing, restaurant business, and others. The Internet Travel segment is engaged in the provision of e-marketplace operation for travel-related products, travel agency service and others. The IoT segment is engaged in the development and sales of communication devices using wireless system, the provision of system solution and maintenance service and others. The Virtual Currency Block Chain segment is engaged in the investment in cryptocurrencies, the development and operation of derivative products and others. The Others segment is engaged in the provision of consulting services in financial strategy, business strategy and recruitment support area.
Yashima Business Management Services Limited Liability Company, Yashima Co., Ltd., Sequedge Japan Holdings Inc. and Asco Co., Ltd. completed the acquisition of 90% stake in TITICACA, Co. Ltd. from NCXX Group Inc..