Kenkou Corporation, Inc. completed the acquisition of 73.05% stake in GEO DINOS Co., Ltd. from Geo Holdings Corporation and other sellers for approximately ¥550 million.
January 08, 2014 at 11:00 pm EST
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Kenkou Corporation, Inc. (SPSE:2928) made an offer to acquire GEO DINOS Co., Ltd. (JASDAQ:4650) from Geo Holdings Corporation (TSE:2681) and other sellers for approximately ¥760 million on December 4, 2013. Kenkou Corporation, Inc. will acquire all outstanding shares of GEO DINOS Co., Ltd. The tender offer period will be from December 5, 2013 to January 9, 2014. Kenkou Corporation, Inc. will acquire a minimum of 3.1 million shares in tender offer. Pursuant to the transaction, Tadashi Kawano will join as Representative Director of GEO DINOS, replacing Koji Mitsuyasu. The new Directors to be appointed on the Board of GEO DINOS would be Tadashi Kawano, Takeshi Seto and Tetsuo Kozai, replacing Matsuo Shimizu, Koji Mitsuyasu and Yasuki Takano. The transaction has been resolved by Board of Directors of Kenkou Corporation, Inc. and is expected to be closed by January 16, 2014.
GEO DINOS Co., Ltd. on the December 24, 2013 Board of Directors' meeting, resolved the determination of the reference date to hold the extraordinary shareholders' meeting in late February 2014. The settlement date is January 16, 2014. Frontier Management Inc. acted as financial advisor to Kenkou Corporation. KPMG FAS Co., Ltd. acted as financial advisor for GEO DINOS and Kobe Law Office acted as legal advisor in the transaction.
Kenkou Corporation, Inc. (SPSE:2928) completed the acquisition of 73.05% stake in GEO DINOS Co., Ltd. (JASDAQ:4650) from Geo Holdings Corporation (TSE:2681) and other sellers for approximately ¥550 million on January 9, 2014.
SD ENTERTAINMENT,Inc. is a Japan-based company mainly engaged in the entertainment business, wellness business and others. The Company operates through two business segments. The Entertainment segment is involved in the operation of Dinos Park, which is a large-scale and single-medium-sized store in a large complex, the operation of bowling golf bar and cinema complex in the large-scale complex, as well as the leasing of land and buildings. The Wellness segment is involved in the operation of fitness club and others, the management of company-led childcare, as well as the operation of nursing care business. The Company is also involved in the telecommunications telemarketing business, office supplies business and software sales business.
Kenkou Corporation, Inc. completed the acquisition of 73.05% stake in GEO DINOS Co., Ltd. from Geo Holdings Corporation and other sellers for approximately ¥550 million.
SD ENTERTAINMENT,INC. 
