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FUKUSHIMA INDUSTRIES CORP to Fully Acquire SHOKEN Co., Ltd.


Tuesday, 21 May 2013 04:00am EDT 

FUKUSHIMA INDUSTRIES CORP announced that it has decided to acquire 110 shares (a 39.7% stake) of SHOKEN Co., Ltd.'s stock for JPY 168 million, on May 31, 2013. After this, FUKUSHIMA INDUSTRIES CORP will fully acquire SHOKEN Co., Ltd. through stock swap, in July 2013. In the stock swap, 600 shares of the Company's stock will be exchanged with one share of SHOKEN Co., Ltd.'s stock. After this, SHOKEN Co., Ltd. will become a wholly owned subsidiary of the Company. 

Company Quote

2003.0
16.0 +0.81%
20 Aug 2014