Notice of Consolidated Subsidiary Company’s Listing Application to Hong Kong Exchanges and Clearing Limited
econtext ASIA Limited (Head Office: Hong Kong, Chairman: Kaoru Hayashi / CEO: Takashi Okita, henceforth, “econtext ASIA”), Digital Garage Group’s online settlement business leader, filed a listing application to Hong Kong Exchanges and Clearing Limited.
econtext ASIA was established in Hong Kong in September 2012 by Digital Garage, Inc. (JASDAQ: 4819, Head Office: Shibuya-ku, Tokyo, Japan, President & Group CEO: Kaoru Hayashi) as an intermediate holding company with the headquarters function to Digital Garage Group’s payment operations. Its major subsidiaries include VeriTrans Inc. (Head Office: Shibuya-ku, Tokyo, Chairman: Kaoru Hayashi / CEO: Takashi Okita) and ECONTEXT, INC. (Head Office: Shibuya-ku, Tokyo, Chairman & President: Kaoru Hayashi), comprising one of the largest e-Commerce settlement platforms in Japan. econtext ASIA continues to accelerate its expansion of electronic settlement services in Asia through its Indonesian joint-venture subsidiary, Midtrans, that provides local e-Commerce settlement and infrastructures.
The date of econtext ASIA’s IPO at Hong Kong Exchanges and Clearing Limited as well as its impact on the DG’s financial results have not been determined.
[About econtext ASIA]
Company Name : econtext ASIA Limited
Representatives : Kaoru Hayashi（President & Group CEO, Digital Garage, Inc.）, Takashi Okita（CEO, VeriTrans Inc.）
Shareholders : Digital Garage, Inc. (80.5%), Sumitomo Mitsui Card Company, Limited (10.0%), Credit Saison Co.,Ltd. (7.5%), JCB Co.,Ltd. (2.0%)
Business Description : Providing settlement service and conducting e-Commerce-related businesses in Asia
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. There is no intention to register any portion of the securities described herein in the United States or to conduct a public offering of securities in the United States.