Notice Regarding Acquisition of Shares in PTC SYSTEM (S) PTE LTD (as a New Subsidiary)
TOKYO, April 01, 2021 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, TSE1: 3774) announced that IIJ acquired all the shares of PTC SYSTEM (S) PTE LTD (“PTC”), which mainly operates systems integration business in Singapore, on April 1, 2021. Although this case does not fall under the criteria for timely disclosure, it is judged as useful information and is disclosed voluntarily.
1. Reasons for acquisition of shares
4. Number of shares to be acquired, status of shares held before and after the acquisition and acquisition price
(Note) The acquisition price is SGD44 million, which is calculated and decided based on due diligence conducted and third-party valuation report, etc.
6. Business forecasts
About Internet Initiative Japan Inc.
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