Press Release
スポーツ ベッティング国 Partial Transfer of Electric Power Retail Business in the Greater Tokyo Area to CD Energy Direct Co., Ltd.
May 29, 2018スポーツ ベッティング国 Co.,Inc.
スポーツベット入金不要ボーナス. ("Chubu Electric Power") and Osaka Gas Co., Ltd. (Osaka Gas") has together established a new company, CD Energy Direct Co., Ltd. ("CD Energy Direct"), to market electric power, gas, daily customer life, and business-related services in the greater Tokyo area (announced on April 02, 2018).
Aiming to partially transfer existing power retail businesses in the Tokyo metropolitan area ("the Business") to CD Energy Direct, スポーツ ベッティング国 today has signed an absorption-type split agreement with CD Energy Direct.
1. Summary of company spin-off
The Business covered by スポーツ ベッティング国 will be transferred under a company spin-off (i.e., absorption-type split where スポーツ ベッティング国 is the company spinning off a business and CD Energy Direct is the succeeding company).
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Conclusion date of absorption-type split agreement |
May 29, 2018 |
|---|---|
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General meeting of shareholders for approval of absorption-type split agreement (note) |
CD Energy Direct: Late July 2018 (Scheduled date) |
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Date on which the absorption-type split will take effect |
August 01, 2018 (Scheduled date) |
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Spin-off considerations |
3,000 CD Energy Direct common shares |
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Business succeeded by the succeeding company |
Portion of スポーツ ベッティング国's existing electric power retail business in the greater Tokyo area |
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Rights and obligations succeeded by the succeeding company |
CD Energy Direct will succeed スポーツ ベッティング国's rights and obligations associated with the Business. |
(note) スポーツ ベッティング国 will carry out the spin-off without approval of the general meeting of shareholders, in pursuant to Article 784, Paragraph 2 (simple spin-offs) of the Company Law.
2. Overview of companies involved in company spin-off (August 01, 2018 (Scheduled))
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Company spinning off business |
Company succeeding business |
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|---|---|---|
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Company name |
スポーツベット入金不要ボーナス. |
CD Energy Direct Co., Ltd. |
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Business activities |
Electricity business, etc. |
Electric power and gas sales, etc. |
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Established date |
May 01,1951 |
August 01,2018 |
|
Location of headquarters |
1, Higashi-shincho, Higashi-ku, Nagoya City |
4-5-1, Nihonbashi Muromachi, Chuo-ku, Tokyo |
|
President & Director |
President & Director: Satoru Katsuno |
President & Director: Shinji Ozu |
|
Capital |
430.777 billion yen |
1.75 billion yen |