Ariel Co., Ltd. cancelled the acquisition of land and building at Jingu-mae, Shibuya-ku from Asahi-Seiki Manufacturing Co., Ltd..
April 04, 2013 at 12:00 am EDT
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Ariel Co., Ltd. agreed to acquire land and building at Jingu-mae, Shibuya-ku from Asahi-Seiki Manufacturing Co., Ltd. (NSE:6111) for ¥62 million on April 4, 2012. In a related transaction, Sohken Ability Co., Ltd. agreed to acquire 1-1619-4 Nogata, Nakano-ku from Asahi-Seiki Manufacturing Co., Ltd. for ¥87 million. The Board of Directors of Asahi-Seiki Manufacturing Co., Ltd. resolved the transaction on April 4, 2012. The expected date of conclusion of the contract is April 13, 2012. The transaction is expected to close on May 31, 2012. Asahi-Seiki Manufacturing Co., Ltd. will gain ¥61 million from the transaction.
Ariel Co., Ltd. cancelled the acquisition of land and building at Jingu-mae, Shibuya-ku from Asahi-Seiki Manufacturing Co., Ltd. (NSE:6111) on April 4, 2013.
ASAHI-SEIKI MANUFACTURING CO.,LTD. is a Japan-based manufacturing company. The Company operates in two business segments. The Precision Machining segment is mainly engaged in the manufacturing and sale of various precision metal processing products and small-caliber bullets, among others. The Machinery segment is mainly engaged in the manufacturing and sale of press equipment, aircraft parts, spring machinery. The Company also outsources the businesses and manufactures molds through non-consolidated subsidiary.
ASAHI-SEIKI MANUFACTURING CO.,LTD. 
