Starts Corporation, Inc. completed the acquisition of remaining 89.1% stake in Weave Corporation from Hisashi Muraishi and other sellers.
Board of Directors of Starts Corporation and Weave Corporation passed a resolution for the transaction on January 9, 2014. The expected date for extraordinary shareholders meeting of Weave Corporation is February 18, 2014. Starts Corporation, Inc. plans to carry out the share exchange without obtaining approval from its shareholders, following the simple share exchange process in accordance with the regulations of Japan's Companies Act. The transaction is expected to close on April 1, 2014.
Starts Corporation, Inc. (JASDAQ:8850) completed the acquisition of remaining 89.1% stake in Weave Corporation from Hisashi Muraishi and other sellers on April 1, 2014.