Asahi Pharmacy Co., Ltd. completed the acquisition of care service business operated by TEO General Services Co. and related real estate leasing business from T.O. Holdings CO.,LTD..
April 31, 2021
Share
Asahi Pharmacy Co., Ltd. entered into a basic agreement to acquire care service business operated by TEO General Services Co. and related real estate leasing business from T.O. Holdings CO.,LTD. (JASDAQ:9812) on February 12, 2021. The agreement is subject to the effect of company split wherein care service business operated by TEO General Services Co. and related real estate leasing business will be transferred to newly established company Kouben Co., Ltd. wholly owned by T.O. Holdings CO.,LTD. under an absorption-type split agreement. The transaction was resolved by the Board of Directors of T.O. Holdings CO.,LTD. on February 12, 2021. The share transfer agreement is planned to be concluded on March 31, 2021. The planned execution date of share transfer is April 1, 2021.
Asahi Pharmacy Co., Ltd. completed the acquisition of care service business operated by TEO General Services Co. and related real estate leasing business from T.O. Holdings CO.,LTD. (JASDAQ:9812) on April 1, 2021.
T.O. Holdings CO.,LTD., formerly T.O.OGASAWARA CO., LTD. is primarily engaged in the sale of timber, building materials, clothing and furniture, among others. The Timber segment provides raw wood, building materials and plywood for general buildings. The Distribution segment is engaged in sale and installment sale of clothing, furniture, household appliances and goods, among others. The Residential segment is engaged in sale and construction of detached housing, condominiums, residential land and others. The Construction segment is engaged in civil engineering, pavement work, construction of office buildings and commercial facilities, among others. The Real Estate Leasing segment is engaged in the leasing of lands and buildings. The Automobile segment is engaged in sale and repair of automobiles. The Company is also engaged in the operation of sports clubs and insurance agencies, as well as other business.
Asahi Pharmacy Co., Ltd. completed the acquisition of care service business operated by TEO General Services Co. and related real estate leasing business from T.O. Holdings CO.,LTD..
T.O. HOLDINGS CO.,LTD. 