Taisei Co.,Ltd cancelled the acquisition of Razor Glory Building Maintenance Ltd from Kazuo Morita and Naoto Tsurunaga.
September 01, 2016
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Taisei Co.,Ltd (Fukuoka) (TSE:3359) agreed to acquire Razor Glory Building Maintenance Ltd from Kazuo Morita and Naoto Tsurunaga on September 2, 2015. A contract for this deal is expected to be concluded on September 30, 2015. Kazuo Morita and Naoto Tsurunaga held 70% and 30% stake respectively. As per the agreement, 0.5 million shares will be acquired. As of March 2015, net assets of Razor Glory Building Maintenance Ltd. was HKD 4.86 million, total assets of Razor Glory Building Maintenance Ltd. was HKD 10.05 million, sales was HKD 32.33 million and operating profit was HKD 2.31 million. The Board of Taisei Co.,Ltd (Fukuoka) resolved the deal. Expected closing is on October 2, 2015.
Taisei Co.,Ltd (Fukuoka) (TSE:3359) cancelled the acquisition of Razor Glory Building Maintenance Ltd from Kazuo Morita and Naoto Tsurunaga on September 2, 2016.
cotta Co Ltd is a Japan-based company mainly engaged in the business of selling confectionery and baking materials and sundries to confectionery and lunch box stores and individual customers. The main sales method is mail-order sales via the Internet, facsimile, telephone and others, with particular emphasis on sales via the cotta Internet mail-order site. In addition, through its subsidiaries, the Company is engaged in the processing, manufacturing, and sales of confectionery and baking ingredients, the maintenance and operation of cotta, the tie-up advertising business with cotta as an Internet media business, and the community-based wholesale confectionery and bakery business for business-to-business transactions, primarily in the confectionery and bakery industry in Yamaguchi Prefecture, delivering products directly to customers using Company-owned delivery vehicles, as well as the planning and sales of household sundries for cooperatives.