Venture capital concluded an agreement to acquire 5% stake in Re-abroad Inc. from Sharingtechnology, Inc. for approximately ¥100 million.
November 18, 2018
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Venture capital concluded an agreement to acquire 5% stake in Re-abroad Inc. from Sharingtechnology, Inc. (TSE:3989) for approximately ¥100 million on November 19, 2018. Under the transaction, Sharingtechnology, Inc. will sale 35 shares. The transaction has been resolved by the Board of Sharingtechnology, Inc. Expected closing of the transaction to be diasclosed after consultation with other investors.
SHARINGTECHNOLOGY.INC is a Japan-based company mainly engaged in the Web business and investment business. It operates through two business segments. WEB business is engaged in the provision of solution to life problems through the operation of the portal site Life No.110 and the specialized vertical media site in the life service area. Member stores can provide services suited to the needs of users in the websites. Main services are unlocking and replacing keys, rain and water leakage, remodeling, glass repair, pet funeral, termite extermination, bee extermination, garden maintenance related, and other accidents that occur suddenly in daily life. It is also engaged in the operation of overseas studying service Sumadome, introducing foreign students and providing study abroad procedures. The new system Mover collects the geographical location of each member store staff and realizes matching. The Investment business includes manufacturing, real estate, and private hotel business.
SHARINGTECHNOLOGY, INC. 