Sumitomo Mitsui Finance and Leasing Company, Limited agreed to acquire 6-1-6 Owada-cho, Hachioji-shi from Sun Life Corporation for approximately ¥610 million.
March 21, 2013 at 12:00 am EDT
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Sumitomo Mitsui Finance and Leasing Company, Limited agreed to acquire 6-1-6 Owada-cho, Hachioji-shi from Sun Life Corporation (JASDAQ:4656) for approximately ¥610 million on March 21, 2013. Sun Life Corporation will incur a loss of ¥976 million from the transaction. Resolution to acquire the deal was signed on March 28, 2013. The transaction is expected to close on March 29, 2013.
As of March 28, 2013, buyer has been changed. Sakaeya Co., Ltd. agreed to acquire 6-1-6 Owada-cho, Hachioji-shi from Sun Life Corporation (JASDAQ:4656) for approximately ¥610 million on March 28, 2013. Board of Directors of Sun Life Corporation made a resolution in favor of the transaction on March 28, 2013. The expected contract conclusion date is March 29, 2013. The transaction is expected to close on March 29, 2013.
SUN LIFE HOLDING CO.,LTD. is a Japan-based holding company engaged in the operation and management of group companies which conduct ceremony, nursing care and other related business. The Company provides hotel & bridal service, funeral & Buddhist sermon service, nursing care service and other related services, for regional customers and mutual aid association members in the members' system (mutual benefit association). The Companyâs subsidiary SUN LIFE CORPORATION operates in four business segments: hotel business, ceremonial business, other business and company-wide (common).
Sumitomo Mitsui Finance and Leasing Company, Limited agreed to acquire 6-1-6 Owada-cho, Hachioji-shi from Sun Life Corporation for approximately ¥610 million.
SUN-LIFE HOLDING CO.,LTD. 
