Medius Holdings Co., Ltd. cancelled the acquisition of 78.33% stake in Xiot, K.K. from Katsumi Ataka, Masao Kirihara, Emiko Ataka, employee stock ownership plan association of the Japan and other shareholders.
November 19, 2014 at 11:00 pm EST
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Medius Holdings Co., Ltd. (JASDAQ:3154) signed a basic agreement to acquire 78.33% stake in Xiot, K.K. from Katsumi Ataka, Masao Kirihara, Emiko Ataka, employee stock ownership plan (ESOP) association of the Japan and other shareholders for approximately ¥260 million on November 20, 2013. Medius Holdings will acquire 7230 shares of Xiot, K.K. Katsumi Ataka holds 33.04% stake in Xiot, K.K., Masao Kirihara holds 28.87% stake and Emiko Ataka holds 14.08% stake. Xiot, K.K. reported net assets of ¥298 million, total assets of ¥1.16 billion, sales of ¥2.67 billion, operating profit of ¥53 million and net income of ¥50 million for period ended July 2013.
As on March 19, 2014, Medius Holdings Co., Ltd. (JASDAQ:3154) signed share exchange contract to acquire 78.33% stake in Xiot, K.K. Square Consulting Co., Ltd. acted as third-party valuer for Medius Holdings. The Board of Directors of Medius Holdings passed a resolution for the acquisition on November 20, 2013. The transaction is expected to be completed on July 1, 2014.
Medius Holdings Co., Ltd. (JASDAQ:3154) cancelled the acquisition of 78.33% stake in Xiot, K.K. from Katsumi Ataka, Masao Kirihara, Emiko Ataka, employee stock ownership plan (ESOP) association of the Japan and other shareholders on November 20, 2014.
MEDIUS HOLDINGS Co., Ltd. is a Japan-based company mainly engaged in the sale and maintenance of medical equipment, as well as the sale and rental of nursing care equipment. The Company operates through two business segments. The Medical Equipment Sales segment sells medical equipment to domestic healthcare facilities, such as hospitals. The Care and Welfare business segment is engaged in sales and rental of nursing care equipment purchased from Japanese nursing and welfare equipment manufacturers, agents, trading companies, to medical institutions such as domestic hospitals and general individuals. In addition, the Company is also engaged in sales of nursing care and welfare equipment purchased from domestic and foreign manufacturers to medical institutions such as hospitals and medical material dealers.
Medius Holdings Co., Ltd. cancelled the acquisition of 78.33% stake in Xiot, K.K. from Katsumi Ataka, Masao Kirihara, Emiko Ataka, employee stock ownership plan association of the Japan and other shareholders.
MEDIUS HOLDINGS CO., LTD. 
