Yoshidagumi Co.,Ltd. completed the acquisition of Nanno Construction Co., Ltd. from Asia Gate Holdings Co., Ltd..
March 26, 2020
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Yoshidagumi Co.,Ltd. entered into a basic agreement to acquire Nanno Construction Co., Ltd. from Asia Gate Holdings Co., Ltd. (JASDAQ:1783) on February 14, 2020. The stock transfer agreement conclusion is planned for March 10, 2020. Asia Gate Holdings shall sell 6,000 shares of Nanno Construction. Nanno Construction operates as a consolidated subsidiary of Asia Gate Holdings. For the period ending September 2019, Nanno Construction reported net assets of ¥873.62 million, total assets of ¥1.5 billion, sales of ¥1.78 billion, operating income of ¥71.85 million and net income of ¥44.58 million. Three employees of Asia Gate Holdings will be directors of Nanno Construction. Transaction completion is planned for mid March 2020. As per the update on March 10, 2020, Transaction completion is planned for March 31, 2020.
Yoshidagumi Co.,Ltd. completed the acquisition of Nanno Construction Co., Ltd. from Asia Gate Holdings Co., Ltd. (JASDAQ:1783) on March 27, 2020.
Fantasista Co Ltd, formerly Asia Gate Holdings Co Ltd, is a Japan-based company mainly engaged in real estate-related businesses such as real estate buying and selling and real estate consulting. The Company operates in three business segments. The Real Estate segment is engaged in real estate buying and selling, rights adjustment related to real estate buying and selling, utilization of self-owned real estate, and investment in properties with potential for income. The Real Estate Consulting segment is engaged in the provision professional support and useful information for real estate investors. The Healthcare segment distributes and sells products containing 5-aminolevulinic acid (5-ALA).