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HIKARI TSUSHIN INC to Fully Acquire Subsidiary through Stock Swap

Wednesday, 14 Nov 2012 04:10am EST 

HIKARI TSUSHIN INC announced it has decided to fully acquire a 59.09%-owned subsidiary, ALL Japan Solution, INC., which is mainly engaged in the sale of office automation (OA) equipment as well as the provision of corporate mobile phone service and information technology (IT) communication service in Tokyo, Japan, effective February 1, 2013. Under the agreement, one share of the subsidiary's stock will be exchanged for 12.122 shares of the Company's stock. After the transaction, the Company will hold a 100% stake in the subsidiary. 

Company Quote

-10.0 -0.14%
2:00am EDT