Favorina Holdings Co., Ltd. cancelled the acquisition of Science Beaute.
March 24, 2015 at 04:00 am
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Favorina Holdings Co., Ltd. (TSE:3726) agreed to acquire Science Beaute for approximately ¥110 million in stock on March 24, 2014. Favorina Holdings will issue 224 shares of its common stock for 1 share of Science Beaute and will issue 0.84 million shares in total. Science Beaute reported net assets of ¥35.79 million and total assets of ¥111.65 million on September 30, 2013. The transaction is expected to close on June 1, 2014. Mori Hamada & Matsumoto Law acted as legal advisor for Favorina and City-Yuwa Partners acted as legal advisor for Science Beaute.
Favorina Holdings Co., Ltd. (TSE:3726) cancelled the acquisition of Science Beaute on March 24, 2015.
4Cs HD Co Ltd is a Japan-based company mainly engaged in mail order business, wholesale business, retail business, and hygiene consulting business. The Company operates through four segments. The Mail Order Business segment is mainly engaged in mail order sales of cosmetics, health foods, and femcare products. The Wholesale Business segment is mainly engaged in wholesale sales of cosmetics, health foods, and aroma-related products. The Retail Business segment is mainly engaged in retail sales of aromas and miscellaneous goods. The Hygiene Consulting Business segment is mainly engaged in comprehensive hygiene consulting, sales of hygiene-related products, and inspection business. The Company is also engaged in test marketing to determine the feasibility of new businesses.