Certain Common shares of Aucnet Inc. are subject to a Lock-Up Agreement Ending on 26-JUN-2017.
June 25, 2017
Share
Certain Common shares of Aucnet Inc. are subject to a Lock-Up Agreement Ending on 26-JUN-2017. These Common shares will be under lockup for 90 days starting from 28-MAR-2017 to 26-JUN-2017.
Details:
The seller and lender Namai Asset Management Co., Ltd. and sellers Orient Corp., Flex Co., Ltd., Kiyotaka Fujisaki, Shinichi Fujisaki, Masahiro Dujisaki and Takaaki Ishii, company shareholders Flex Co., Ltd., Honoka Sato, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Hisanao Nagashima, Hiroshi Nagaki, Flexmine Co., Ltd., Chiaki Sano, Hiroshi Arai, Yoshinobu Yamauchi, Nobukazu Tajima, Hirofumi Goto, Yasuo Amano, Satoru Ueno, Shiro Tajima, Kotaro Suzuki, Iwao Hasegawa, Katsuhiko Takizawa, Satoru Ohata, Hirosuke Fukuda and Susumu Ozaki have agreed with the lead manager, not to sell company common shares beginning on the day of the conclusion of the original underwriting agreement to 90 days after the listing date, i.e., June 26, 2017.
AUCNET INC. is a Japan-based company mainly engaged in the automobile business and digital products business. The Company operates through three business segments. The Automobile segment is engaged in the provision of used car television (TV) auctions, shared inventory markets, live broadcast auctions, bid agency services, and vehicle inspection services. The Digital Products segment is engaged in the provision of auction and distribution related services for used smartphones and used personal computers (PCs) and other used digital devices. The Other Information Distribution segment is engaged in the provision of auction and distribution related services for branded products, used motorcycles, cut flowers and pots. It is also engaged in the development and provision of systems, the provision of communication, operation and maintenance services, the business related with used medical equipment, and overseas business.
AUCNET INC. 
