Asahi Printing Co.,Ltd. completed the acquisition of 65% stake in Harleigh Sdn.Bhd. and Shin-Nippon Industries Sdn.Bhd.
December 30, 2019
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Asahi Printing Co.,Ltd. (TSE:3951) signed a share transfer agreement to acquire 65% stake in Harleigh (Malaysia) Sdn.Bhd. and Shin-Nippon Industries Sdn.Bhd. for $3.6 million on August 8, 2019. As per terms, 0.33 million shares of Harleigh (Malaysia) Sdn.Bhd. will be acquired for $1.4 million and 1.6 million shares of Shin-Nippon Industries Sdn.Bhd. will be acquired for $2.2 million. Post completion, Harleigh (Malaysia) Sdn.Bhd. and Shin-Nippon Industries Sdn.Bhd. will operate as subsidiaries. The Board of Directors of Asahi Printing Co.,Ltd. resolved the deal on August 8, 2019. The transaction is expected to close on September 30, 2019.
Asahi Printing Co.,Ltd. (TSE:3951) completed the acquisition of 65% stake in Harleigh (Malaysia) Sdn.Bhd. and Shin-Nippon Industries Sdn.Bhd. in December 2019.
Asahi Printing Co Ltd is a Japan-based company primarily engaged in the manufacturing and sale of printed packaging materials. The Company operates its business through two segments. The Printed Packaging Material segment is engaged in the manufacturing and sale of printed packaging materials, such as package, package insert and label. The Packaging System Sales segment designs, purchases and sells packaging machinery and packaging lines. The other business is engaged in the staffing service.
ASAHI PRINTING CO.,LTD. 
