Nicca Chemical Co.,Ltd. completed the acquisition of 100% stake in Ohtomo Chemical Ins., Corp from Tokyo Small and Medium Business Investment & Consultation Co., Ltd., Shingo Kaburaki, 6 other individual shareholders and others.
June 30, 2015 at 12:00 am EDT
Share
Nicca Chemical Co.,Ltd. (NSE:4463) signed a contract to acquire 89.5% stake in Ohtomo Chemical Ins., Corp from Tokyo Small and Medium Business Investment & Consultation Co., Ltd., Shingo Kaburaki and 6 other individual shareholders on May 18, 2015. Tokyo Small and Medium Business Investment & Consultation Co., Ltd. will sell 21.21% stake, Shingo Kaburaki will sell 26.77% stake and other individuals will sell 41.5% stake under the transaction. As per the agreement 0.2 million shares will be acquired. The Board of Directors of Nicca Chemical Co.,Ltd. resolved the acquisition. The tentative share transfer date is June 30, 2015.
Nicca Chemical Co.,Ltd. (NSE:4463) completed the acquisition of 100% stake in Ohtomo Chemical Ins., Corp from Tokyo Small and Medium Business Investment & Consultation Co., Ltd., Shingo Kaburaki, 6 other individual shareholders and others on June 30, 2015. Ohtomo Chemical now operates as a wholly owned subsidiary of Nicca Chemical.
NICCA CHEMICAL CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of surfactants. The Company operates in two business segments. The Chemicals segment is engaged in the manufacture and sale of chemicals for textile processing, chemicals for information recording paper, resin raw materials, commercial cleaning chemicals, chemicals for medical and nursing care facilities, and other functional chemicals. The Cosmetics segment is engaged in the manufacture and sale of hair care agent, hair color agent, perm agent, scalp care agent and styling agent. The other business is engaged in the contracted construction of facility works.
Nicca Chemical Co.,Ltd. completed the acquisition of 100% stake in Ohtomo Chemical Ins., Corp from Tokyo Small and Medium Business Investment & Consultation Co., Ltd., Shingo Kaburaki, 6 other individual shareholders and others.