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NCXX Inc's subsidiary to take over business from SJI Inc


Wednesday, 11 Dec 2013 05:50am EST 

NCXX Inc and SJI Inc:Says a Tokyo-based wholly owned subsidiary of NCXX Inc will take over Chubu, Kansai and Kyushu system development business from SJI Inc, in exchange for a cash payment of 480 million yen and 2,400 shares (50,000 yen per share) in the Tokyo-based subsidiary.Says effective date of Jan. 31, 2014.Says SJI Inc will hold 20 pct stake and NCXX Inc will hold 80 pct stake in the Tokyo-based subsidiary, after the transaction. 

Company Quote

49.0
1.0 +2.08%
21 Nov 2014