#TOHO To Own Almost 20% of Orange’s Shares

Animation studio Orange has revealed plans that will result in TOHO owning 19.7% of its shares.

The move involves the transfer of Orange’s common stocks and the issuance of new shares by third-party allotment.

Orange says that this dealing with Toho was made with aims like further improving its products’ quality, securing talented staff both local and foreign, and expanding the studio in mind.

Earlier this year, TOHO acquired Science SARU and North American animation distributor GKIDS, and also secured a 6% stake in CoMix Wave Films.

Source: Orange [PDF] (via Anime News Network)