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Don Quijote Co Ltd Establishes Overseas Joint Venture; Announces Acquisition of MARUKAI CORPORATION by Subsidiary of Joint Venture

Friday, 26 Jul 2013 02:30am EDT 

Don Quijote Co Ltd announced that it has established a joint venture Pan Pacific International Holdings Pte. Ltd. in Singapore, which is engaged in management and supervision of the Company's overseas businesses, with Nagasakiya Co., Ltd. on July 10, 2013. The Company is holding a 40% stake and Nagasakiya is holding a 60% stake in the joint venture. The Company also announced that the joint venture's subsidiary Pan Pacific International & Co. will acquire 31,893 shares (a 100% stake) in a Honolulu-based company MARUKAI CORPORATION, on September 30, 2013. The transaction price is not disclosed. 

Company Quote

-40.0 -0.73%
12:02am EDT