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Yumeshin Holdings Co Ltd to acquire stake in new subsidiary of IWAMOTOGUMI Co., Ltd.

Friday, 25 Jul 2014 05:15am EDT 

Yumeshin Holdings Co Ltd:To acquire stake in new subsidiary (company A) of IWAMOTOGUMI Co., Ltd. from IWAMOTOGUMI Co., Ltd., effective Aug. 12.Says IWAMOTOGUMI Co., Ltd. began rehabilitation proceeding in late May, to transfer part of business to company A that to be established on Aug. 12 and to be engaged in general construction contractors business.Says company A to be named as IWAMOTOGUMI Co., Ltd, and former IWAMOTOGUMI Co., Ltd to be changed to another name.Says the company A to be subsidiary of Yumeshin Holdings Co Ltd after transaction. 

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