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HAMAKYOREX CO LTD to Fully Acquire Subsidiary of SG Holdings Co.,Ltd; Form Business and Capital Alliance with SG Holdings Co.,Ltd

Friday, 17 May 2013 02:00am EDT 

HAMAKYOREX CO LTD announced that it has decided to fully acquire Sagawa Global Logistics Co., Ltd., a wholly owned subsidiary of SG Holdings Co.,Ltd, through stock swap, effective October 1, 2013. One Sagawa Global Logistics share can be exchanged to 2.09 shares of HAMAKYOREX. As a result, SG Holdings Co.,Ltd. will hold 2,090,000 shares (20.0% voting rights) of HAMAKYOREX. HAMAKYOREX and SG Holdings Co.,Ltd has formed a business and capital alliance on May 17, 2013, regarding collaboration on 3PL business (logistic reformation, logistics for corporate and outsourcing of SCM business). 

Company Quote

5.0 +0.11%
1 May 2015