TOKYO (dpa-AFX) - Kirin Holdings Co., Ltd. (KNBWF.PK, KNBWY.PK) Friday announced its decision to acquire additional shares of common stock of FANCL Corp. (FANCL) through a tender offer and share warrants under the Financial Instruments and Exchange Act to make FANCL a wholly owned subsidiary. The financial aspects of the deal are not revealed.
In 2019, Kirin Holdings had acquired approximately 33 percent of FANCL's shares and entered into a capital and business alliance agreement.
Kirin Holdings said FANCL's strengths lie in its ability to connect with and understand consumers through its D2C channels.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2024 AFX News
