GALA INCORPORATED Tokyo, Japan - May 1st., 2017 - Gala Inc. today announced that Gala Connect Inc. and Gala Mix Inc., its consolidated subsidiaries in Korea, will conduct third-party allotment to Gala Inc. per Board resolution on April 26th, 2017.
-
Gala Connect Inc. Third-Party Allotment
Name of Shareholder
Allotted number of stocks
Amount to be paid
Gala Inc.
300,000
300,000,000 KRW
(approximately 30,000,000 JPY)
Total
300,000
300,000,000 KRW
(approximately 30,000,000 JPY)
*Due Date of Share Issuance: End of May, 2017
Ownership Ratio After Allotment
Name of Shareholders
Shares Owned
Ratio (%)
Gala Inc.
780,000
86.67%
Hyun Hur
(CEO of Gala Connect Inc.)
60,000
6.67%
Satoru Kikugawa (Representative Director and Group CEO of Gala Inc.
and Director of Gala Connect Inc.)
60,000
6.67%
Total
900,000
100%
Ratio: rounded off to two decimal places
.
- Gala Mix Inc. Third-Party Allotment
Name of Shareholder | Allotted number of stocks | Amount to be paid |
Gala Inc. | 375,000 | 375,000,000 KRW (approximately 37,500,000 JPY) |
Total | 375,000 | 375,000,000 KRW (approximately 37,500,000 JPY) |
*Due Date of Share Issuance: End of May, 2017
Ownership Ratio After Allotment
Name of Shareholders | Shares Owned | Ratio (%) |
Gala Inc. | 600,000 | 80% |
Nicolas Pajot (CEO of Gala Mix Inc.) | 75,000 | 10% |
Satoru Kikugawa (Representative Director and Group CEO of Gala Inc. and Director of Gala Mix Inc.) | 75,000 | 10% |
Total | 750,000 | 100% |
Gala Connect Inc. and Gala Mix Inc. will use the funds for development and publishing of smartphone social and game apps.
About Gala Inc.
Gala Inc. is a holding company based in Tokyo, Japan, that administers Gala Group, which is made up of subsidiary companies of Gala Inc. Gala Group's major business domain is smartphone games and apps. The group develops games and apps, acquires license, utilizes Group's global network and aims for the business' global expansion.
Contact:
e-mail: ir@gala.jp
Disclaimer: This summarized translation is provided for convenience only. In the event of any discrepancy with the Japanese original, the original shall prevail.
Gala Inc. published this content on 01 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 May 2017 06:08:10 UTC.
Original documenthttp://www.gala.jp/pdf/epr_20170501.pdf
Public permalinkhttp://www.publicnow.com/view/F2AAB3BA866421A58AD59FE8A20C328B6AA503AA
