NT Works Co., Ltd cancelled the acquisition of automobile sheet-metal painting and repair business from SAIBO Co., Ltd..
March 07, 2014 at 11:00 pm EST
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NT Works Co., Ltd agreed to acquire automobile sheet-metal painting and repair business from SAIBO Co., Ltd. (TSE:3123) for ¥50 million in cash on March 8, 2013. The transaction is expected to close on April 1, 2013.
NT Works Co., Ltd cancelled the acquisition of automobile sheet-metal painting and repair business from SAIBO Co., Ltd. (TSE:3123) on March 8, 2014.
Saibo Co., Ltd. is mainly engaged in the manufacture and sale of textile products, the leasing of real estate properties, as well as the operation of golf ranges. The Company operates in three business segments. The Textile segment manufactures and sells uniforms, clothing, promoting products, rayon yarns, synthetic yarns, hemp fabrics and embroidery lace, as well as yarn gluing. The Real Estate Utilization segment leases commercial facilities and other real estate, as well as operates building maintenance business. The Golf Ranges segment operates golf ranges. The others businesses include the sale of gift products, the sale of automatic watering flower pots and the greening of the houseplant rental business, the interior construction business, the management of Toyota Motor's sales agents, and the repair and maintenance of sheet metal painting for automobiles.
SAIBO CO., LTD. 
