S Front Ltd agreed to acquire 63% stake in Relief Sign Co., Ltd from Hottolink, Inc. for approximately ¥380 million.
October 21, 2018
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S Front Ltd agreed to acquire 63% stake in Relief Sign Co., Ltd from Hottolink, Inc. (TSE:3680) for approximately ¥380 million on October 22, 2018. Under the terms of the transaction, Hottolink, Inc. will sell 0.05 million shares of Relief Sign Co., Ltd and will own 37% stake in Relief Sign Co., Ltd post completion. In a related transaction, Relief Sign Co., Ltd signed a contract to acquire risk-related business centered on e-mining of Hottolink on october 22, 2018, the transfer of which will be completed on December 1, 2018. Relief Sign Co., Ltd reported total assets of ¥8 million and net assets of ¥8 million for the year ended December 31, 2017. the transaction is resolved by the Board of Hottolink on October 22, 2018. The contract for the acquisition will be signed on October 23, 2018 and the transaction will be completed on December 3, 2018.
Hotto Link Inc. is engaged in the provision of cloud service (social cloud service business) to support the use of social big data. The Company operates through two business segments. The Software as a Service (SaaS) segment provides e-mining, Review @ manager series. The Solution segment is engaged in the data sales, provision of analytic engines, and sale of Illustrated Chinese trend Express. In Other segment, the main products are data center usage fee and service usage fee for ringing and ringing tone.
HOTTOLINK, INC. 
