LAC Holdings Inc. completed the acquisition of I Net Rely Corporation from Leading Edge Co., Ltd and other shareholders.
The share transfer contract to be concluded by LAC Holdings Inc. and Leading Edge Co., Ltd. is subject to the LAC Holdings Inc.'s ownership of all shares of I Net Rely Corporation, through the acquisition of the remaining 32.7% stake from shareholders until April 1, 2012. The Board of Directors of LAC Holdings, Inc. passed a resolution for the transaction on March 12, 2012 and the transaction is expected to be completed on April 1, 2012.
LAC Holdings Inc. (JASDAQ:3857) completed the acquisition of I Net Rely Corporation from Leading Edge Co., Ltd and other shareholders in the year ending December 31, 2012.