Alphax Food System Co., Ltd cancelled the acquisition of the hotel operations business from Natural Green Resort Co., Ltd.
August 30, 2018
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Alphax Food System Co., Ltd (JASDAQ:3814) entered into contract to acquire the hotel operations business from Natural Green Resort Co., Ltd. for ¥30 million on August 31, 2017. During the period ended September 2016, hotel operations business had total sales of ¥137.47 million. Board of Directors of Alphax Food System Co., Ltd. made a resolution in favor of the transaction on August 31, 2017. The transaction is expected to complete on September 21, 2017. Taikoji Hidefumi CPA provided evaluation of this business’ value to Natural Green Report. TMI Associates acted as legal advisor to Alphax Food System Co., Ltd.
Alphax Food System Co., Ltd (JASDAQ:3814) cancelled the acquisition of the hotel operations business from Natural Green Resort Co., Ltd. on August 31, 2018.
Alphax Food System Co., LTD. is a Japan-based company mainly engaged in the provision of restaurant-related system products. The Company has three business segments. The Application Service Provider (ASP) Services segment is engaged in the provision of specialized mission-critical systems for restaurant industry by ASP, including revenue analysis system, attendance management system, stock management and analysis systems, ordering system and central kitchen system. The System Equipment segment is engaged in the sale of its own products, including point of sales (POS) systems and order entry systems (OESs). The Peripheral Services segment is engaged in the sale of point cards terminals, automotive change terminals, cash account machines and others companies' equipment, as well as the sale of various consumable goods related to POS systems and order entry systems.
ALPHAX FOOD SYSTEM CO., LTD 
