FRACTALE Corporation (TSE:3750) acquired 91% stake in Alegrox Hotel Management Co., Ltd from Shinji Ezure and others for ¥21.2 million on July 3, 2020. Under the terms, FRACTALE will acquire 91 shares in Alegrox Hotel. Shinji Ezure will sell 60% stake. In a related transaction, Alegrox Hotel will be merged into FRACTALE Hotel Management Co., Ltd. (a subsidiary of FRACTALE Corporation). FRACTALE Hotel Management will be the surviving company and the merged company will be named Fractal Hospitality Co., Ltd. The resolution of board of FRACTALE Corporation came on July 3, 2020. FRACTALE Corporation (TSE:3750) completed the acquisition of 91% stake in Alegrox Hotel Management Co., Ltd from Shinji Ezure and others on July 3, 2020.