MELDIA Development & Construction CO., LTD. (TSE:1739) agreed to acquire Kento Housing Sales Co., Ltd. on August 31, 2022. After the acquisition, Kento Housing Sales will operate as a wholly owned subsidiary of MELDIA Development & Construction. MELDIA Development & Construction will acquire 0.0009 million shares of Kento Housing Sales.
Kento Housing Sales has reported revenue of Ã2655.848 million, total common equity of Ã481.511 million, total assets of Ã3232.673 million, EBIT of Ã43.506 million and net loss of Ã0.407 million during Fiscal Year ending August 2021. The Board resolution date is August 31, 2022. The transaction is expected to complete on September 30, 2022.