Acrodea, Inc. cancelled the acquisition of Entertainment Systems Co., Ltd from Guam International Country Club, K.K.
August 24, 2018
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Acrodea, Inc. (TSE:3823) agreed to acquire Entertainment Systems Co., Ltd from Guam International Country Club, K.K. for approximately ¥420 million on August 25, 2017. Under the terms of the transaction, Acrodea, Inc. will issue total of 1.1 million shares for every 1 share of Entertainment Systems Co., Ltd. Acrodea, Inc. will provide 55,000 share and pay ¥50 million in cash. Shareholder resolution date is scheduled on September 26, 2017. The transaction has been approved by the Board of Acrodea, Inc. The transaction is expected to be completed on October 1, 2017. Restol-Japan 21 Co., Ltd acted as an independent research institution for Acrodea, Inc. Stewart McLaren & Co acted as appraiser to ensure fairness for Acrodea, Inc.
Acrodea, Inc. (TSE:3823) cancelled the acquisition of Entertainment Systems Co., Ltd from Guam International Country Club, K.K. on August 25, 2018.
The Why How Do Company Inc is a Japan-based company mainly engaged in the solution business, restaurant-related business and education-related business. The Company operates through three segments. The Solution business segment mainly consists of the platform field, which develops platform solutions for smartphones, internet of things (IoT)-related solutions, and systems for bingo; the content services field, which develops social games and application-related products and contracted games; and other contracted development projects. The Restaurant-related business segment is engaged in real estate subleasing, trademark rights management, and restaurant business. The Education-related business segment mainly operates seminars on information technology (IT) schools for job seekers, which have a training period of about half a year.
THE WHY HOW DO COMPANY, INC. 
