Logly,Inc. agreed to acquire the remaining 49% stake in Cross Trex Co., Ltd. from Bilcom Co., Ltd.
March 29, 2021
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logly,Inc. (TSE:6579) agreed to acquire the remaining 49% stake in Cross Trex Co., Ltd. from Bilcom Co., Ltd. on March 30, 2021. As a part of the transaction, logly will acquire 294 shares. Post closing of the transaction, Cross Trex hold 306 shares representing 51% stake. For the year ended December 31, 2020, Cross Trex reported net assets of ¥30 million and total assets of ¥35 million.
LOGLY Inc is a Japan-based company mainly engaged in operation of native advertising platform named LOGLY lift. The Company is engaged in the provision of advertising within an advertising network using the native advertising platform LOGLY lift. The Company is engaged in the provision of service that creates a network to distribute advertisements to the websites of multiple media companies and accepts orders for advertisements. The main customers are mainly advertisers including advertising agencies and media companies, as well as the person who uses a computer or smartphone to view or click on an advertisement distributed using LOGLY lift on the Internet.
LOGLY,INC. 
