Kan Sai Guangdong Trading & Investments Company Limited cancelled the acquisition of 90% stake in Foshan Kyoshin Education and Culture Co., Ltd. for Kyoshin Co., Ltd..
May 09, 2015 at 12:00 am EDT
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Kan Sai Guangdong Trading & Investments Company Limited agreed to acquire 90% stake in Foshan Kyoshin Education and Culture Co., Ltd. for Kyoshin Co., Ltd. (TSE:4735) for CNY 0.25 million on May 9, 2014. The net assets of Foshan Kyoshin Education and Culture were CNY 1.07 million, total assets were CNY 0.45 million, sales were CNY 0.77 million, EBIT of CNY -0.52 million and net income of CNY -0.52 million. The transaction is expected to close by June 2014.
Kan Sai Guangdong Trading & Investments Company Limited cancelled the acquisition of 90% stake in Foshan Kyoshin Education and Culture Co., Ltd. for Kyoshin Co., Ltd. (TSE:4735) on May 9, 2015.
KYOSHIN CO., LTD. is engaged in providing educational guidance service. The Cram School segment operates private cram schools for elementary, junior high and senior high school students. This segment also operates specialty schools for Japanese students abroad, as well as provides consulting services for opening and operation of its franchise classroom. The Others segment consists of English conversation division, which provides English conversation instructions for children, students and adults; children education division, providing learning guidance and primary school entrance guidance and other courses; Japanese education business division, providing Japanese teaching services to foreign students; childcare business division, providing curriculum-based service for children under the age of five. This segment also provides human development programs.
Kan Sai Guangdong Trading & Investments Company Limited cancelled the acquisition of 90% stake in Foshan Kyoshin Education and Culture Co., Ltd. for Kyoshin Co., Ltd..
KYOSHIN CO., LTD. 