TOKYO, Jun 22 (Pulse News Wire) – Gree Holdings,inc. (3632.T) decided at its board meeting on June 22 to spin off Gree Ventures Co., Ltd.'s operations related to GREE LP Fund JP 2 into a new subsidiary called Gree Fund Investments Co., Ltd.
The newly formed company's entire shares and part of Gree Capital Management Co., Ltd.’s holdings in the fund will be transferred to Mixi Corp. The spin-off involves Gree Ventures transferring its operations to the new subsidiary Gree Fund Investments through an absorption-type split. The transaction is scheduled to take place on June 23, with the effective date set for July 31. As part of the deal, Gree Capital Management will also transfer some of its limited partnership interests in the fund to Mixi. Key figures involved in the operation include assets worth approximately ¥66 million (cash and deposits: ¥50 million, affiliate investments: ¥16 million), and liabilities totaling ¥50 million (advance payments: ¥50 million).
Gree Ventures was established on March 17, 2020, while Gree Fund Investments was founded on April 9, 2026. In addition, Gree Capital Management’s portion of the limited partnership interest being transferred to Mixi corresponds to the amount previously invested in the fund, estimated at around ¥300 million. The total value of the transaction is expected to be approximately ¥17 million. The company expects the impact on its fiscal year performance to be minor. Any significant developments will be disclosed promptly.
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