Asset System Co., Ltd. completed the acquisition of 35.47% stake in Karula Co.,Ltd. from Yoshiyuki Inoue and Keiko Inoue.
October 16, 2015 at 12:00 am EDT
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Asset System Co., Ltd. agreed to acquire 35.47% stake in Karula Co.,Ltd. (JASDAQ:2789) from Yoshiyuki Inoue and Keiko Inoue on October 15, 2015. Asset System Co., Ltd. will acquire 2.1 million shares of Karula Co.,Ltd. The transaction is expected to complete on October 16, 2015.
Asset System Co., Ltd. completed the acquisition of 35.47% stake in Karula Co.,Ltd. (JASDAQ:2789) from Yoshiyuki Inoue and Keiko Inoue on October 16, 2015.
Karula Co., LTD. is a Japan-based company engaged in the operation of various Japanese style restaurants. The Company's restaurants include Marumatsu, a Japanese-style family restaurant which serves set meals, Japanese noodles and sushi dishes; KANIMASAMUNE, which provides crab-related food; KATEU- GOURMET, which serves pork cutlets; MARUMATSU, which serves Japanese traditional noodles, as well as Sushisen, which serves conveyor belt-style sushi dishes. Through its subsidiary, the Company is also engaged in the repair and maintenance of stores, as well as the real estate agency business.