R Management GK concluded a share transfer agreement to acquire Global Hotel Management Corporation from The Global Ltd. (TSE:3271) on November 30, 2020. As reported, The Global Ltd. will transfer 9,000 shares in Global Hotel Management Corporation and will hold no shares post transaction. For the fiscal year ending June 2020, Global Hotel Management Corporation reported negative net worth of ¥1.3 billion, total assets of ¥1.4 billion, sales of ¥898 million, operating loss of ¥1.9 billion and net loss of ¥2.1 billion.