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MAEDA KOSEN CO LTD to Fully Acquire Japan-based Companies; to Take Out Loan

Friday, 1 Nov 2013 02:00am EDT 

MAEDA KOSEN CO LTD announced that it will acquire 60,300 shares (100% stake) in a Tokyo-based company in rehabilitation process for JPY 3,015 million and acquire 52,300 shares (100% stake) in a Fukui-based company in rehabilitation process for JPY 2,615 million, through private placement on November 1, 2013. As a result, the Company will take out loan of JPY 4.5 billion in total from The Fukui Bank, Ltd., THE HOKURIKU BANK, LTD and Sumitomo Mitsui Banking Corporation, on November 1, 2013, with a term of up to two years. 

Company Quote

-11.0 -0.96%
30 Jan 2015