Empress Consultants Co., Ltd. signed a stock transfer agreement and credit transfer agreement to acquire Y 'S TABLE INTERNATIONAL CO., LIMITED from Y's Table Corporation for ¥0.01 million.
December 18, 2018
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Empress Consultants Co., Ltd. signed a stock transfer agreement and credit transfer agreement to acquire Y 'S TABLE INTERNATIONAL CO., LIMITED from Y's Table Corporation (TSE:2798) for ¥0.01 million on December 19, 2018. The deal value involves a payment of ¥1000 for the shares and ¥0.01 million price for assignment of monetary claims, held by Y's Table Corporation. For the fiscal year ending December 2017, Y 'S TABLE INTERNATIONAL CO., LIMITED reported operating loss of ¥0.02 million and net loss of ¥14.5 million. As of fiscal year ending December 2017, Y 'S TABLE INTERNATIONAL CO., LIMITED reported net liabilities of approximately ¥218 million and total assets of approximately ¥2 million. The Board of Directors of Y's Table Corporation passed a resolution for the deal on December 19, 2018. The scheduled stock transfer and transfer of receivables date of execution is December 20, 2018.
Y's table corporation is mainly involved in the operation of restaurants. The restaurant business is engaged in the operation of luxury restaurants under the names XEX and casual restaurants under the names PIZZA SALVATORE CUOMO. The Company is operates in two business segments. The XEX Group segment operates luxury restaurants in domestic and overseas markets. The Casual Restaurant Group segment operates casual restaurants in domestic and overseas markets. The Company also conducts real estate rental business, wholesale and retail business, worker dispatch business and paid employment introduction business.
Empress Consultants Co., Ltd. signed a stock transfer agreement and credit transfer agreement to acquire Y 'S TABLE INTERNATIONAL CO., LIMITED from Y's Table Corporation for ¥0.01 million.
Y'S TABLE CORPORATION 
