Taisei Co.,Ltd completed the acquisition of Syuyo Trading Co., Ltd. from Shinichiro Okita, Yasuhide Okita, Hitomi Okita and others.
January 30, 2015 at 11:00 pm EST
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Taisei Co.,Ltd (Fukuoka) (TSE:3359) signed an agreement to acquire Syuyo Trading Co., Ltd. from Shinichiro Okita, Yasuhide Okita, Hitomi Okita and others on December 25, 2014. Taisei will acquire 700 shares in the transaction. Syuyo had net assets of ¥98 million, total assets of ¥251 million, sales of ¥685 million, nil operating profit and net profit of ¥1 million for the year ending May 2014. The Board of Directors of Taisei passed a resolution for the transaction. The share transfer implementation is scheduled on January 5, 2015.
Taisei Co.,Ltd (Fukuoka) (TSE:3359) completed the acquisition of Syuyo Trading Co., Ltd. from Shinichiro Okita, Yasuhide Okita, Hitomi Okita and others in January, 2015.
cotta Co Ltd is a Japan-based company mainly engaged in the business of selling confectionery and baking materials and sundries to confectionery and lunch box stores and individual customers. The main sales method is mail-order sales via the Internet, facsimile, telephone and others, with particular emphasis on sales via the cotta Internet mail-order site. In addition, through its subsidiaries, the Company is engaged in the processing, manufacturing, and sales of confectionery and baking ingredients, the maintenance and operation of cotta, the tie-up advertising business with cotta as an Internet media business, and the community-based wholesale confectionery and bakery business for business-to-business transactions, primarily in the confectionery and bakery industry in Yamaguchi Prefecture, delivering products directly to customers using Company-owned delivery vehicles, as well as the planning and sales of household sundries for cooperatives.