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Daiwa House Industry Co Ltd Got Approval From China Antitrust Authorities To Buy Fujita Shares-DJ

Tuesday, 8 Jan 2013 02:25am EST 

Dow Jones reported that Daiwa House Industry Co Ltd has secured approval from the Chinese anti-trust authorities on its planned acquisition of Fujita Corp., enabling the transaction to take place about a month later than initially planned. In August, Daiwa House said it would acquire Fujita for Y50 billion ($595 million), aiming to capitalize on the Tokyo-based general contractor's track record in North America and Southeast Asia. The Company decided last month to push back the transaction due to an inability to get approval from China by the scheduled date of December 20. 

Company Quote

-10.5 -0.47%
21 Nov 2014