THE WHY HOW DO COMPANY, Inc.
Notice of Conclusion of a Memorandum of Understanding for the Acquisition of Shares (Subsidiarization) of Hanabee
Entered into a memorandum of understanding to acquire a 51.0% stake in Hanabee, which supports emerging artists, aiming to make it a subsidiary. The acquisition price and consideration will be determined in the definitive agreement following due diligence. Due diligence will be conducted. Consideration of financial support and the schedule for the definitive agreement are TBD.
Key Figures
- Number of shares to be acquired: 102 shares
- Voting rights ratio: 51.0%
- Acquisition price: TBD
AI要約
Overview of the M&A
THE WHY HOW DO COMPANY, Inc. has signed a memorandum of understanding to acquire 102 ordinary shares (51.0% of the total) held by Hanabee's representative director, Motohito Yamamoto, with the objective of making Hanabee a consolidated subsidiary. The acquisition price and consideration will be determined in the definitive agreement based on the results of due diligence. Only parts of the memorandum of understanding are legally binding, and execution of the definitive agreement is subject to board approval.
Outlook and Impact
The schedule for executing the definitive agreement is TBD, and the direct impact on Hanabee’s performance is currently under review. Following completion of due diligence, procedures such as finalizing the definitive agreement and obtaining shareholder approvals are expected to proceed. Even after the acquisition, Hanabee's current management team is expected to continue business operations, and consideration of financial support may be conducted in parallel.
THE WHY HOW DO COMPANY, Inc.
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