Aica Kogyo Company, Limited completed the acquisition of Kuen Bong Technology Co.,Ltd. from Honour Rich International Corporation, Kuen Bong Chemical Industry Corporation and other minority shareholders.
October 30, 2023
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Aica Kogyo Company, Limited (TSE:4206) signed an agreement to acquire Kuen Bong Technology (Thailand) Co.,Ltd. from Honour Rich International Corporation, Kuen Bong Chemical Industry Corporation and other minority shareholders on September 7, 2023. Aica Kogyo Company will acquire 21 million shares in Kuen Bong Technology (Thailand). Kuen Bong Technology (Thailand) has reported net assets of THB 109 million, total assets of THB 261.9 million and Sales of THB 30.2 million in 2022. The transaction is expected to complete on October 31, 2023.
Aica Kogyo Company, Limited (TSE:4206) completed the acquisition of Kuen Bong Technology (Thailand) Co.,Ltd. from Honour Rich International Corporation, Kuen Bong Chemical Industry Corporation and other minority shareholders on October 31, 2023.
Aica Kogyo Co Ltd is mainly engaged in the manufacture and sales of chemical products and building materials. The Company operates in two segments. The Chemical Product segment offers interior and exterior finishing materials, flooring materials, adhesives and organic solids. The Construction Material and Equipment segment offers melamine facing plates, coated plywood boards, doors, interior materials, counters and nonflammable dressed lumbers. The Company operates its businesses in Japan and overseas.
Aica Kogyo Company, Limited completed the acquisition of Kuen Bong Technology Co.,Ltd. from Honour Rich International Corporation, Kuen Bong Chemical Industry Corporation and other minority shareholders.
AICA KOGYO COMPANY, LIMITED 
