Announcement on underwriting capital increase by third-party allotment
SOFTBANK CORP., (hereafter ‘the Company’) announces that it has agreed to underwrite capital increase by third-party allotment of new shares issued by App TOKYO (Head office; Chuo-ku, Tokyo, President & CEO; Akihiro Yokoi) and APPLIYA Inc., (Head office; Minato-ku, Tokyo, CEO; Haleo Shiiya). Both companies provide applications for ‘iPhone™ 3G (by Apple).’
The two companies have been developing various applications of high quality for ‘iPhone™ 3G.’ The Company will provide total support through forming a partnership with the two companies.
1.Outline of investment in App TOKYO
(1) Description of underwriting capital increase by third-party allotment
| Number of underwriting shares | 114 |
|---|---|
| Total amount of value | 29,999,898 yen(Issue price per share: 263,157 yen) |
| Date of payment | December 26, 2008 |
| Ownership after acquisition of shares | 36.3% |
(2) Corporate profile of App TOKYO
| Business | Planning, manufacturing and sale of content using multi media network |
|---|---|
| Founded | December 8, 2008 |
| Representative | Akihiro Yokoi, President & CEO |
| Location | 3-42-3, Hamacho, Chuo-ku, Tokyo |
| Capital stock | 24,999,949 yen (after capital increase) |
2.Outline of investment in APPLIYA Inc.
(1) Description of underwriting capital increase by third-party allotment
| Number of underwriting shares | 114 |
|---|---|
| Total amount of value | 29,999,898 yen(Issue price per share: 263,157 yen) |
| Date of payment | December 26, 2008 |
| Ownership after acquisition of shares | 36.3% |
(2) Corporate profile of APPLIYA Inc.
| Business | Planning, manufacturing and sale of content using multi media network |
|---|---|
| Founded | April 12, 2007 |
| Representative | Haleo Shiiya, CEO |
| Location | 6-8-10, Roppongi, Minato-ku, Tokyo |
| Capital stock | 25,000,000 yen (after capital increase) |
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