JB Eleven Co., Ltd. cancelled the acquisition of Hattori Foods Co., Ltd. from MOUNTAIN COFFEE Inc.
September 24, 2020
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JB Eleven Co., Ltd. (NSE:3066) agreed to acquire Hattori Foods Co., Ltd. from MOUNTAIN COFFEE Inc. on September 25, 2019. Contract conclusion date shall be October 1, 2019. JB Eleven shall acquire 200 shares of Hattori Foods. Presently, MOUNTAIN COFFEE holds the entire stake in Hattori Foods. Post completion, JB Eleven shall hold the entire stake and convert Hattori Foods into a subsidiary. For the period ended April 2019, Hattori Foods reported net liabilities of ¥14 million, total assets of ¥72.56 million, sales of ¥285.84 million, operating loss of ¥17.54 million and net loss of ¥23.81 million. Transaction execution date shall be October 1, 2019.
JB Eleven Co., Ltd. (NSE:3066) cancelled the acquisition of Hattori Foods Co., Ltd. from MOUNTAIN COFFEE Inc. on September 25, 2020.
JB ELEVEN CO., LTD. is a Japan-based holding company engaged in the operation of restaurants. The Company operates in restaurant business through two divisions. The Quick Service division is mainly engaged in the operation of ramen restaurants under the name Ikkokukaido. The Casual Service division is involved in the operation of Chinese restaurants in casual atmosphere, under the names Long-hu dining, which serves Sichuan-style bean curd and Yangzhou fried rice, among others.
JB ELEVEN CO., LTD. 
