ZIGExN Co., Ltd. entered into a contract to acquire Matchingood Co., Ltd. from an individual.
December 17, 2018
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ZIGExN Co., Ltd. (TSE:3679) entered into a contract to acquire Matchingood Co., Ltd. from an individual on December 17, 2018. As per the terms, ZIGExN shall acquire 1,099 shares of Matchingood. Prior to the transaction, ZIGExN holds no stake in Matchingood and upon completion, ZIGExN shall hold the entire stake in Matchingood. Post completion, Matchingood shall be converted into a subsidiary of ZIGExN. For the fiscal year ended February 2018, Matchingood recorded net assets of ¥113 million, total assets of ¥146 million, sales of ¥174 million, operating income of ¥8 million and net income of ¥6 million. The transaction was resolved at the meeting of Board of Directors of ZIGExN on December 17, 2018. The transaction completion is planned for January 4, 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.