Avex to sell its shares in response to share buyback of subsidiary THINKR Final profit increased from 3.3 billion yen to 4.5 billion yen THINKR increased its shares to Hankyu Hanshin and JAFCO through a third-party allotment of shares
Avex announced on this day (June 21) that its consolidated subsidiary, THINKR, will be removed from the consolidation of the company due to a third-party allotment of shares and a share buyback. Avex Music Creative holds 132,000 shares, or 79% of the issued shares, which will be transferred for 726 million yen. The company has signed a memorandum of understanding on a separate business alliance with THINKR and plans to continue the partnership. THINKR 2......
The linked article is in Japanese.
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