TOKYO, May 26 (Pulse News Wire) – Intermestic INC. (262A.T) announced today that its board of directors resolved to acquire all shares of Zoff I Singapore PTE.
LTD., making it a wholly-owned subsidiary. The acquisition aims to shift operations from franchising to direct management in Southeast Asia, enhancing strategic importance and operational efficiency. Zoff I Singapore operates eyewear retail stores under the “Zoff” brand in Singapore. With this move, Intermetistic seeks to strengthen its presence in the region through direct investment of resources and expertise. The company’s capital stands at 12,582,222 Singapore dollars, established on October 5, 2016.
Key figures show that Zoff I Singapore reported net losses of 1,734,465 Singapore dollars in fiscal 2025, down from 1,663,465 in fiscal 2024. Revenue decreased to 5,024,673 Singapore dollars in fiscal 2025 from 1,663,465 in fiscal 2024. The transaction involves acquiring 931,126,111.95 shares at a total estimated cost of 548,800 Singapore dollars, including advisory fees of 48,800 Singapore dollars. The share transfer is scheduled for June 2, 2026. Intermetistic expects the impact on its consolidated performance for the fiscal year ending December 2026 to be minor.
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