Euglena Co., Ltd. acquired an additional 36.16% stake in Q' Sai Co., Ltd. from Advantage Partners, Inc. and Tokyo Century Corporation.
May 16, 2021
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Euglena Co., Ltd. (TSE:2931) acquired an additional 36.16% stake in Q' Sai Co., Ltd. from Advantage Partners, Inc. and Tokyo Century Corporation (TSE:8439) on May 17, 2021. As a result, Euglena is expected to make Q'Sai a consolidated subsidiary with June 30, 2021 as the deemed acquisition date through the SPC, which owns all shares of Q'Sai Co., Ltd.
Euglena Co., Ltd. (TSE:2931) completed the acqusition of an additional 36.16% stake in Q' Sai Co., Ltd. from Advantage Partners, Inc. and Tokyo Century Corporation (TSE:8439) on May 17, 2021.
euglena Co., Ltd. is a Japan-based company mainly engaged in the healthcare, energy and environmental business utilizing the research and development results on euglena. The Company masters the core technology of euglena, which provides the edibility of microalga euglena (Japanese name: Midorimushi) and the technology of outdoor large-scale cultivation. The Company operates in two business segments. The Healthcare segment is involved in the original equipment manufacturer (OEM) provision of food and cosmetics using euglena, as well as the planning and sale of products. The Energy and Environment segment is involved in the technology development and commissioned research of euglena and other microalgae, as well as the research and development of biofuels for the future commercialization.
EUGLENA CO., LTD. 
