Niitaka Co. Ltd. (TSE: 4465) cancelled the acquisition of remaining 25% stake in Fujian Niitaka Chemicals of Daily Necessities Co., Ltd. from Fujian ATON Innovation Group Co., Ltd.
February 09, 2012 at 11:00 pm EST
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Niitaka Co. Ltd. (TSE: 4465) agreed to acquire remaining 25% stake in Fujian Niitaka Chemicals of Daily Necessities Co., Ltd. from Fujian ATON Innovation Group Co., Ltd. on February 10, 2011. Upon completion, Fujian Niitaka Chemicals of Daily Necessities will operate as a wholly owned subsidiary of Niitaka Co. Ltd. The transaction has been resolved by Board of Directors of Niitaka Co. Ltd. in a meeting held on February 10, 2011. The transaction, including the procedure to Chinese authorities is expected to be completed by May 31, 2011.
Niitaka Co. Ltd. (TSE: 4465) cancelled the acquisition of remaining 25% stake in Fujian Niitaka Chemicals of Daily Necessities Co., Ltd. from Fujian ATON Innovation Group Co., Ltd. on February 10, 2012.
Niitaka Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of cleansers, cleaning agents, disinfectants, bleaches and solid fuels. The Company is engaged in the provision of dishwashing detergents, dish washing equipment detergents, disinfectants, bleaches, food additives, detergents, detergents for food factories, hand-wash soaps and hand sanitizers, as well as solid fuels for cooking and outdoor heating. The Company is also engaged in the provision of maintenance services for dishwashers, and hygiene management support services, as well as the purchase of kitchen and bath supplies such as food packaging wraps, paper towels, body soaps, rinse-in shampoos and others.
Niitaka Co. Ltd. (TSE: 4465) cancelled the acquisition of remaining 25% stake in Fujian Niitaka Chemicals of Daily Necessities Co., Ltd. from Fujian ATON Innovation Group Co., Ltd.
NIITAKA CO., LTD. 
