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Tokyo Tatemono Co Ltd to Acquire Tokyo Fudosan Kanri and Tokyo Building Service

Thursday, 31 Jan 2013 01:00am EST 

Tokyo Tatemono Co Ltd announced that it has decided to acquire 6,360 shares of Tokyo Fudosan Kanri's stock (a 26.5% stake), from Sompo Japan Insurance Inc., NISHIMATSU CONSTRUCTION CO.,LTD., Oki Electric Industry Co., Ltd. and Mizuho Trust & Banking Co ., Ltd., effective March 29, 2013. After this, Tokyo Tatemono Co Ltd will hold a 66.0% stake (15,840 shares) in Tokyo Fudosan Kanri, up from a 39.5% stake (9,480 shares). Additionally, Tokyo Fudosan Kanri will be acquiring 10,000 shares of Tokyo Building Service (a 100% stake), from three Japan-based companies, effective March 29, 2013. Consequently, Tokyo Building Service will also become a subsidiary (sub-subsidiary) of the Company. 

Company Quote

14.0 +1.43%
21 Nov 2014