CRAVIA Inc.
Notice Regarding Capital and Business Alliance through Share Transfer and Working Capital Loan
Aiming to expand K-POP related business, CRAVIA Inc. will acquire 50% of the shares of Redstart ENM Inc., making it an equity-method affiliate. The share transfer price is set at the equivalent of 50,000 won (approx. 5,000 yen) for half of the total issued shares. In addition, a working capital loan up to 1,500,000,000 Korean won (approx. 165 million yen) will be provided, with repayment funded by cash flows from the Japan rollout. Redstart ENM will become an equity-method affiliate, and the impact on CRAVIA's financials is under review.
Key Figures
- Number of shares acquired: 100,000 shares
- Acquisition price: 50,000 won (5,000 yen)
- Maximum loan: 1,500,000,000 Korean won
- Interest rate: 6% per annum
- Equity ratio: 50.0%
AI要約
Overview of the Alliance
CRAVIA Inc. has resolved to enter into a capital and business alliance with Redstart ENM Inc., acquiring half of its shares and making it an equity-method affiliate. The acquisition price is set at 50,000 won (approx. 5,000 yen) for the total issued shares corresponding to 100,000 shares, and total estimated costs including advisory fees are approximately 10,455 thousand yen. A series of procedures, including the execution of the share transfer, will be carried out on the same date.
Business Strategy and Funding Plan
By combining Redstart ENM's artists and content with CRAVIA's distribution and marketing network, joint projects centered on Japan and Korea will be promoted. A working capital loan up to 1,500,000,000 Korean won will be provided, with repayment sourced from cash flows such as the Japan rollout of TIOT. Decisions on the second and third loans will depend on financial conditions, and joint guarantors will be established. A separate disclosure regarding changes to the use of funds has been made.
CRAVIA Inc.
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