December 15, 2021
Treasure Factory Announces Incorporation-Type Company Split of Consolidated Subsidiary
Name
Overview
Details
Treasure Factory Co., Ltd. (Securities Code: 3093)
Treasure Factory resolved at its board of directors' meeting to have a consolidated subsidiary be newly established through an incorporation-type company split and succeed the system development subcontracting business and business regarding business promotion/investment from its consolidated subsidiary Digital Quest.
Treasure Factory made Digital Quest its consolidated subsidiary in January 2019 with the aim to enhance system development capabilities. Since then, Treasure Factory and Digital Quest have jointly developed various systems and applications used within the group. In order to further enhance system development capabilities and development speed of of various services within the group, Treasure Factory decided to split Digital Quest and newly establish a consolidated subsidiary of Treasure Factory that will handle system development business, etc. Only the media content business will remain under Digital Quest, and because such business has no synergy with the group, Treasure Factory will consider selling Digital Quest's shares to external third parties going forward.
Schedule | Approval at the board of directors' | December 15, 2021 | ||||||
meeting | ||||||||
Resolution | at the | general | December 21, 2021 (planned) | |||||
shareholders | meeting of | Digital | ||||||
Quest | ||||||||
Effective date of company split | February 14, 2022 (planned) | |||||||
Inquiries | Mr. Eiji Kobayashi | |||||||
Phone: +81-3-3880-8822 | ||||||||
URL: www.treasurefactory.co.jp/en/ |
Disclaimer: Corporate Flash is a service provided by Transpacific Enterprises as part of Japan Market Flash services. Any inquiries concerning the content of the posted information should be made directly to the contact at the concerned company. The information provided herein does not constitute business, legal, investment or tax advice, and is presented without any representation or warranty whatsoever as to the accuracy or completeness of the information, or whether it reflects the most current developments. Parties seeking advice should consult with business, legal, investment or tax counsel familiar with their particular circumstances. The sole purpose of this service is to provide information for the users of the service, and is not to solicit investment, or to recommend an investment in a specific issue, etc.
1/1