NAGAWA Co., Ltd. concluded a share transfer agreement to acquire 53.3% stake in Oy Corporation Ltd. from Keiji Chiba and Narumon Sirichotevanich for ¥100 million.
November 12, 2017
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NAGAWA Co., Ltd. (TSE:9663) concluded a share transfer agreement to acquire 53.3% stake in Oy Corporation Ltd. from Keiji Chiba and Narumon Sirichotevanich for ¥100 million on November 13, 2017. Under the terms, the consideration is paid in cash and NAGAWA will pay ¥86.5 million shares to Keiji Chiba for acquiring 2,800 shares and will pay ¥13.5 million to Narumon Sirichotevanich for acquiring 400 shares in Oy Corporation Ltd. For the fiscal year ended December 31, 2016, Oy Corporation Ltd. reported net assets of ¥189 million, total assets of ¥229 million, sales of ¥469 million, operating income of ¥33 million and net income of ¥26 million. The transaction is resolved by the Board of Directors of NAGAWA Co., Ltd. The transaction is expected to close on January 12, 2018.
NAGAWA Co., Ltd. is a Japan-based company engaged in the design and installation of modular and system buildings, the manufacture, sale and rent of unit houses, as well as the rent and sale of construction equipment. The Company operates through three business segments. The Unit House segment is engaged in the manufacture, sale and rent of unit houses, as well as sale and rent of office equipment and electrical products incidental to houses. The Module and System Construction segment is engaged in construction and sale of module construction and system construction. The Construction Equipment Rental segment is engaged in the sale and rent of construction equipment.
NAGAWA Co., Ltd. concluded a share transfer agreement to acquire 53.3% stake in Oy Corporation Ltd. from Keiji Chiba and Narumon Sirichotevanich for ¥100 million.
NAGAWA CO., LTD. 