Brief: Rizap Group to set up Tokyo-based JV with Sanei Architecture Planning

RIZAP

06/04/2018 04:33

April 6(Reuters) - Rizap Group Inc  2928.SP 
    
    * Says it will set up a Tokyo-based JV, which will me mainly
engaged in show business of sporting event and operation of
sports team, with Sanei Architecture Planning Co Ltd  3228.T ,
on April 9 
    * Says the company and Sanei Architecture Planning will hold
a
49.95 percent and 50.05 percent stake in the JV respectively 
    * Says the JV will acquire 6,787 shares of Shonan Bellmare,
for
111 million yen in total, on April 24, and will increase voting
power in Shonan Bellmare to 50 percent 

    
    
    Source text in Japanese:https://goo.gl/BTQ8ih
    Further company coverage: 2928.SP  3228.T 

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