First Juken Co., Ltd. agreed to acquire AOI KENSETSU corporation from Toshiharu Shiozaki, Teruyuki Shiozaki, Sachiko Shiozaki and Taeko Okazaki.
March 29, 2018
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First Juken Co., Ltd. (TSE:8917) agreed to acquire AOI KENSETSU corporation from Toshiharu Shiozaki, Teruyuki Shiozaki, Sachiko Shiozaki and Taeko Okazaki on March 30, 2018. Under the terms of the transaction, 0.012 million shares will be acquired on May 1, 2018 and the remaining 0.008 million shares will be acquired on April 30, 2021. Currently Toshiharu Shiozaki, Teruyuki Shiozaki, Sachiko Shiozaki and Taeko Okazaki hold 71.35%, 25.45%, 1.95% and 1.25% stake respectively in AOI KENSETSU. Post transaction, First Juken will hold 0.02 million shares representing 100% stake in AOI KENSETSU and it will operate as a subsidiary of First Juken. As of May 1, 2018 First Juken Co., Ltd. acquired 60% stake in AOI KENSETSU corporation.
First Juken Co., Ltd. is primarily engaged in developing and selling detached houses and contract work. The Detached Housing segment is engaged in the planning, development and sale, and contractor work of detached housing, and additionally insurance agency and other related business. The Others segment is engaged in condominium business, including development and sale of new condominiums, renovation and sale of existing condominiums, condominium rental and related business. The condominium business sells new condominium buildings and sells second-hand condominiums after renovation. The construction of new condominiums business engages in the purchase of land for sale, construction management, distribution and sale of various constructions.
FIRST JUKEN CO., LTD. 