Yamanaka Co., Ltd. cancelled the acquisition of acquire the remaining 80.33% stake in Sun Daily Co., Ltd. from Nakano Co., Ltd., Yoshihisa Nakano, Kazutaka Ando, Chotoku Koide, Takahiko Nakano and Miho Ando.
September 06, 2016
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Yamanaka Co., Ltd. (NSE:8190) signed a contract to acquire the remaining 80.33% stake in Sun Daily Co., Ltd. from Nakano Co., Ltd., Yoshihisa Nakano, Kazutaka Ando, Chotoku Koide, Takahiko Nakano and Miho Ando for ¥48.9 million on September 7, 2015. Yoshihisa Nakano is selling its 44.2% stake. Yamanaka Co., Ltd. will acquire 49000 shares of Sun Daily Co., Ltd. For the period ending March 2015, Sun Daily Co., Ltd. reported total assets of ¥1.8 billion, net assets of ¥337 million, revenue of CNY 1.65 billion, operating profit of ¥62 million and net profit of ¥47 million. Yamanaka Co., Ltd.'s Board of Directors resolved the transaction. The transaction is expected to be closed by September 10, 2015.
Yamanaka Co., Ltd. (NSE:8190) cancelled the acquisition of acquire the remaining 80.33% stake in Sun Daily Co., Ltd. from Nakano Co., Ltd., Yoshihisa Nakano, Kazutaka Ando, Chotoku Koide, Takahiko Nakano and Miho Ando on September 7, 2016.
YAMANAKA CO.,LTD. is a Japan-based company principally engaged in the retail business and retail peripheral business. The retail business develops a supermarket chain. The retail peripheral business sells fresh flowers, and provides fresh flowers, horticultural materials, daily products, and cooked rice. The Company is also engaged in the restaurant business, the food production & processing & sales business, the product shipping agency business, the real estate rental business, as well as the maintenance of store facilities.
Yamanaka Co., Ltd. cancelled the acquisition of acquire the remaining 80.33% stake in Sun Daily Co., Ltd. from Nakano Co., Ltd., Yoshihisa Nakano, Kazutaka Ando, Chotoku Koide, Takahiko Nakano and Miho Ando.