Rentracks Co.,Ltd. agreed to acquire 48% stake in BEARIS ONE CO.,LTD. from onestar Co.,Ltd.
August 09, 2018
Share
Rentracks Co.,Ltd. (TSE:6045) agreed to acquire 48% stake in BEARIS ONE CO.,LTD. from onestar Co.,Ltd. on August 10, 2018. The share transfer agreement is expected to be signed on August 10, 2018. Under the terms of Rentracks Co.,Ltd. will acquire 0.01 million shares. The transaction has been resolved by the Board of Rentracks Co.,Ltd. The transaction is expected to be completed by August 10, 2018.
Rentracks CO.,LTD. is a Japan-based company principally engaged in Website consulting business and Internet media business. The Company operates in two business segments. Performance-Based Advertising Service segment operates the performance-based advertising service Rentracks mainly as an Internet advertising service for PCs and smartphones. The Segment adjusts performance fees between advertisers and advertising media, collects and manages payments for confirmed performance fees. Search-Linked Advertising Agency segment acts as an agency for search-linked advertising, selects and manages keywords and adjusts the advertising time. The Company is also involved in sales and brokerage business of used construction machinery, media planning and operation business, search engine optimization (SEO) business, personnel evaluation system and education & training business, electronic commerce (EC) business, as well as system development and overseas expansion business, among others.