Pacific Net Co.,Ltd. completed the acquisition to acquire Techno-Alliance Corporation from CreativeBank Inc.
December 30, 2018
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Pacific Net Co.,Ltd. (TSE:3021) concluded a basic agreement to acquire Techno-Alliance Corporation from CreativeBank Inc. on October 18, 2018. Parties signed a share transfer contract on November 19, 2018 for ¥20 million. Under the transaction, Pacific Net Co.,Ltd. acquires 2,331 shares. Post transfer, Techno-Alliance Corporation will became a wholly owned subsidiary of Pacific Net Co.,Ltd. During the financial year ended March 2018, Techno-Alliance Corporation reported net assets of ¥25 million, total assets of ¥56 million, sales of ¥101 million and operating profit of ¥5 million. The transaction has been resolved by the Board of Pacific Net Co.,Ltd. The transaction is expected to be completed by Early December 2018. As per the update on November 19, 2018, transaction is expected to be completed on December 3, 2018.
Pacific Net Co.,Ltd. (TSE:3021) completed the acquisition to acquire Techno-Alliance Corporation from CreativeBank Inc. on December 31, 2018.
Pacific Net Co.,Ltd. is engaged in collection and sales of used personal computers (PCs) and smart phones, procurement information technology (IT) equipment as a new product, in provision of rental business, including short-term, medium-term and long-term rental, as well as provision of maintenance services. The Company operates though two business segments. The Collection and Sales segment collects objects from home users and business users include leasing company, general corporation and second hand contractors, performs data erasure and cleaning, then sells them to individuals, corporations and second hand contractors. The Rental segment is engaged in rental of personal computer (PC) and PC peripheral equipment for business.
PACIFIC NET CO.,LTD. 
