ZIGExN Co., Ltd. entered into a contract to acquire 97.8% stake in VIVA VIDA MEDICAL LIFE CO.,LTD from an individual.
August 06, 2019
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ZIGExN Co., Ltd. (TSE:3679) agreed to acquire 97.8% stake in VIVA VIDA MEDICAL LIFE CO.,LTD from an individual on August 7, 2019. Under the terms of the transaction, ZIGExN Co., Ltd. will acquire 880 shares. Upon completion, VIVA VIDA MEDICAL LIFE CO.,LTD will operate as subsidiary of ZIGExN Co., Ltd. For the year ended March 2019, VIVA VIDA MEDICAL LIFE CO.,LTD reported total assets of ¥86 million, net assets of ¥33 million, net sales of ¥161 million, and net income of ¥13 million. The agreement is expected to be signed on August 7, 2019. The transaction is subject to approval from relevant authorities. The transaction was resolved by the Board of ZIGExN Co., Ltd. on August 7, 2019.
ZIGExN Co.,Ltd. is a Japan-based company primarily engaged in life media platform business which integrates the information on multiple media. The Company operates in two business segments. Its Life Media Platform segment is engaged in the development, operation and maintenance of media that integrate information from multiple Internet and paper media, specialized media that matches users and customers for specific industries and regions, as well as application Service provider (ASP) services. The Life Media Platform segment includes three fields: human resources field, real estate field and living field. The Others segment is engaged in the plan, development, operation and maintenance of new development services centered on the user billing model, leveraging the knowledge of the existing life media platform business.
ZIGEXN CO., LTD. 
