ZIGExN will make Quantum Reservation, which operates a hotel wholesale business in Southeast Asia based in Singapore, a wholly owned subsidiary through its subsidiary Apple World.
The purpose is to fully establish a direct hotel purchasing structure in Southeast Asia, and this will be the group’s first acquisition of an overseas company. The cost of acquiring the shares, including advisory fees and other expenses, will be approximately 37 million yen and will be funded with on-hand cash.
Quantum Reservation was founded in May 1998. For the most recent fiscal year ending December 2024, its results were sales of 28.01 billion Singapore dollars, EBITDA of 38,000 Singapore dollars, and net income of 43,000 Singapore dollars. Its net assets were in excess of liabilities, with a negative equity position of 866,000 Singapore dollars.
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