TOKYO, Apr 14 (Pulse News Wire) – BASE FOOD,Inc. (2936.T) announced today that its board of directors approved a capital and business alliance with Merco Group (hereinafter referred to as "Merco Group").
The alliance aims to enhance mutual corporate value through effective utilization of management resources. Under the agreement, Merco Group will hold approximately 10% of BASE FOOD's outstanding shares via credit transactions without intent to control operations. The group plans to acquire these shares by May 28, 2026 (expected). Both companies confirmed there is no intention to delist BASE FOOD's stock from the Tokyo Stock Exchange Growth Market post-alliance.
The collaboration includes strategic initiatives such as enhancing competitive areas like research and development, supply chain, and marketing; leveraging complementary non-competitive areas; and fostering organizational strength through personnel exchanges. Merco Group will support BASE FOOD’s long-term growth and value enhancement through its network and expertise. Merco Group was established on September 28, 2009, with a capital of ¥98 million. It operates through subsidiaries managing securities holdings and business oversight.
The alliance strengthens existing trust between the two entities, aiming to accelerate BASE FOOD’s business growth and competitiveness.
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