MarketEnterprise Co., Ltd. Establishes ME Trading Co., Ltd
May 12, 2020 at 04:00 am EDT
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MarketEnterprise Co. Ltd. established ME Trading Co. Ltd. on April 24, 2020 as a wholly owned subsidiary. Following its establishment, ME Trading signed a contract with Oho Trading Corp. for the acquisition of its used agricultural equipment business, which includes buying, selling and exporting this equipment and other activities. Although the timely disclosure standards do not apply to this acquisition, MarketEnterprise has made this announcement voluntarily because this information is deemed useful for shareholders and other investors. Reason for the establishment of new company and the acquisition: The MarketEnterprise Group has the goal of becoming an "optimized trading company" capable of giving customers the best choices that reflect the increasingly diverse range of purchasing behavior and the growing interest in "smart consumption." The group operates three businesses in order to accomplish this goal: buying and selling second-hand goods through the Internet, a media business, and a mobile & telecommunications business. The second-hand online business goes beyond the conventional concept of reuse in order to buy and sell a diverse array of used items in order to meet customers' needs. The purchasing request and consultation contact center of this business receives more than 40,000 calls every month about buying used items. In recent years, the number of calls about buying used agricultural equipment has been increasing. To meet this need, MarketEnterprise started buying and selling used agricultural equipment in January 2017 and this business category has been growing consistently since then. Location: 3-6-18 Kyobashi, Chuo-ku, Tokyo. Capital is JPY 30 million.
MarketEnterprise Co., Ltd is a Japan-based company engaged in Internet reuse business through operating purchase and sales of reuse goods based on Internet. The Company focuses on reuse that does not generate unnecessary items among 3R (reuse, reduce, and recycle), and conducts business that specializes in the Internet. The Company operates general counter Website by the name of takakuureru.com, as well as other purchase specialty websites. It has three types of purchase approaches, including home delivery purchase, over the counter purchase and business trip purchase approach. It also sells reuse goods by the name of ReRe at Internet auction provided by Yahoo Japan Corporation, as well as Amazon, Rakuten, eBay and other E market places.