PAULO SEIICHI ISHIBASHI agreed to acquire 99.99% stake in NAGAWA DO BRASIL Ltda. from NAGAWA Co., Ltd. for BRL 0.02 million.
February 13, 2017
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PAULO SEIICHI ISHIBASHI agreed to acquire 99.99% stake in NAGAWA DO BRASIL Ltda. from NAGAWA Co., Ltd. (TSE:9663) for BRL 0.02 million on February 13, 2017. A share transfer agreement will be signed by February 19, 2017. NAGAWA DO BRASIL reported net assets of ¥9 million (BRL 0.25 million) and total assets of ¥253 million (BRL 6.95 million) as of February 13, 2017. The deal is expected to close on February 24, 2017. The currency conversions were done through www.oanda.com as at February 13, 2017.
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. 