Royal Contract Service Co., Ltd agreed to acquire remaining 97% stake in Centresta Co.,Ltd. from Royal Holdings Co., Ltd..
January 30, 2016
Share
Royal Contract Service Co., Ltd agreed to acquire remaining 97% stake in Centresta Co.,Ltd. from Royal Holdings Co., Ltd. (TSE:8179) on August 27, 2015. Under the terms of the transaction, Royal Contract Service Co., Ltd. will allocate 0.1401 shares for every share of Centresta Co., Ltd. After completion of the transaction, Royal Holdings will hold 92.9% stake and Sumitomo Corporation will hold 7.1% stake in Royal Contract Service Co., Ltd. A merger contract is expected to be concluded on November 10, 2015. The transaction is subject to approval of shareholding commission of Royal Holdings Co., Ltd. The Board of Royal Holdings Co., Ltd passed a resolution for the transaction on August 27, 2015. The transaction is expected to complete on January 1, 2016.
Royal Contract Service Co., Ltd agreed to acquire remaining 97% stake in Centresta Co.,Ltd. from Royal Holdings Co., Ltd. (TSE:8179) in January 2016. Centresta Co.,Ltd. was merged and absorbed into Royal Contract Service Co., Ltd on completion.
ROYAL HOLDINGS Co., Ltd. is a Japan-based company engaged in the restaurant business, contract business, in-flight meal business, hotel business and food business. The Company has five segments. The Restaurant segment is engaged in the operation of hospitality restaurants Royal Host and other chain restaurants, as well as beer restaurants, cafeterias and other specialty restaurants. The Contract segment is engaged in the provision of dining services for customers in airport terminal buildings, expressway service areas, commercial facilities, office buildings, nursing facilities and others. The In-flight Food segment is engaged in the provision of in-flight meal services for Fukuoka, Tokyo International and other airports. The Hotel segment is engaged in the operation of Richmond Hotel and other business hotels. The Food segment is engaged in the manufacture and sale of food for the restaurant and contract business. The Company is also engaged in the leasing of real estates.
ROYAL HOLDINGS CO., LTD. 
