Notice Regarding Stock Acquisition of Kokusai Kogyo and JAG Energy
Tokyo, Japan, September 7, 2021 – Global investment firm Carlyle (NASDAQ: CG) announced on August 2, 2021, that agreements (Agreements) were signed with Japan Asia Group Limited (JAG) as of the same date to acquire all shares of its wholly owned subsidiaries, Kokusai Kogyo Co., Ltd. (Kokusai Kogyo) and JAG Energy Co., Ltd. (JAG Energy).
The Agreements were then approved and passed at the Extraordinary General Meeting of Shareholders of JAG held on 31st of the same month, and as of today, Geo Holdings, L.P., an entity operated and managed by Carlyle, has acquired all outstanding shares of Kokusai Kogyo from JAG, and Green Holdings, L.P., also an entity operated and managed by Carlyle, has acquired 65% of the total outstanding shares of JAG Energy from JAG.
As for JAG Energy, on or after the 5th business day from today, JAG Energy will acquire its own shares from JAG, and Green Holdings, L.P. will acquire additional shares of JAG Energy from JAG. As a result, Green Holdings, L.P. will own all the outstanding shares of JAG Energy.
Kekst CNC: Minako Otani, Ai Saito, Kaya Tanabe
Phone: 03-5156-0190 / 03-5156-0189 / 03-5156-0102