Medical System Network Co Ltd Cancels Business and Capital Alliance with Mitsui & Co Ltd


Thursday, 2 May 2013 02:00am EDT 

Medical System Network Co Ltd announced that it has decided to cancel the business alliance with Mitsui & Co Ltd. Medical System Network Co Ltd will acquire 1,177 shares in the joint venture, MM Net Corporation, which was established by the two companies on February 12, 2005, from Mitsui & Co Ltd., on May 2, 2013. After this, MM Net Corporation will become a wholly owned subsidiary of Medical System Network Co Ltd. Medical System Network Co Ltd. will also repurchase the 2,080,000 shares of its stock (an 8.0% stake) held by Mitsui & Co Ltd.