SHARINGTECHNOLOGY
News

News

2018.11.19

Notice Concerning Resolution Regarding Sale of Consolidated Subsidiary Shares and Signing of Basic Agreement with Venture Capital

We hereby announce that the in accordance with Article 370 of the Companies Act and a written resolution in lieu of a resolution of the Board of Directors based on the provision . Articles of Incorporation, on November 19, 2018, with the purpose of strengthening the structure by incorporating external opinions concerning management of the consolidated subsidiary Re-abroad Ltd. and aiming for stock listing, it was resolved that SHARETECH would sell part of the shares of Re-abroad held by the company.
All concerned parties are also notified that a basic agreement on sale of venture capital with some of the shares (35 shares) has been concluded.

Details:【Notice Concerning Resolution Regarding Sale of Consolidated Subsidiary Shares andSigning of Basic Agreement with Venture Capital】