On July 26, 2005 Rakuten, Inc. announced that wholly owned subsidiary Rakuten Travel, Inc. shall make STAR TOURS JAPAN CO. LTD into a subsidiary. The company operates a highway bus reservation web site service (http://www.iibus.com). Rakuten will hold 75% of outstanding common shares of the company upon completion of the transaction. (For full release, please refer to Japanese IR release.)
July 26, 2005
STAR TOURS JAPAN CO. LTD Becomes Subsidiary
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