![]() (the ∼ompany) issued press releases announcing it has signed a letter of intent with ZACC Kabushiki-Kaisha and announcing its major Key Performance Indicators, updated for the month of March 2021. On April 15, 2021, MEDIROM Healthcare Technologies Inc. INFORMATION CONTAINED IN THIS FORM 6-K REPORT Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: (Exact name of registrant as specified in its charter) Payments of 152,986,302 and 148,000,000 will be made on October 1 and January 1, respectively.UNDER THE SECURITIES EXCHANGE ACT OF 1934 The purchase price will be paid by cash on hand, and an initial payment of 69,013,698 was made on August 31, 2021. The second stage, at which point the remaining shares of ZACC will be transferred to the Company, is scheduled to close on January 1. The first stage of the acquisition is scheduled to close on October 1,, when the shareholders of ZACC will transfer 60% of the common shares of ZACC to the Company. We aim to combine mutual services such as high-end beauty services and relaxation services by leveraging the high brand power of ZACC and the Company and to support opening of new ZACC brand salons by sharing the Company's expertise in franchising, employee independence programs, etc." commented MEDIROM Founder and CEO Kouji Eguchi. "We continue to pursue the growth of our business by acquiring assets that expand our presence throughout Japan. ZACC owns and operates three luxury hair salon brands, ZACC vie, ZACC raffine, and Zacc ginza, all of which has been recognized by customers for over 30 years for their high level of techniques and hospitality. Medirom Healthcare announced that it has entered into a share transfer agreement with all of the existing shareholders of ZACC Kabushiki Kaisha, a Japanese hair salon operator of "ZACC" brand, pursuant to which it will acquire 100% of the shares of ZACC through a two-stage acquisition for total consideration of 370,000,000 Japanese yen. ![]() APA style: Medirom Healthcare to acquire ZACC Kabushiki Kaisha for 370M Japanese yen. ![]() Medirom Healthcare to acquire ZACC Kabushiki Kaisha for 370M Japanese yen." Retrieved from MLA style: "Medirom Healthcare to acquire ZACC Kabushiki Kaisha for 370M Japanese yen." The Free Library. ![]()
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