Topre Corporation completed the acquisition of 5.5% stake in MARUJUN Co., Ltd. from Yorio Imagawa.
June 21, 2017
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Topre Corporation (TSE:5975) agreed to acquire 5.5% stake in MARUJUN Co., Ltd. (NSE:3422) from Yorio Imagawa for approximately ¥260 million on May 11, 2017. Topre Corporation will acquire 0.5 million shares of MARUJUN Co., Ltd. at an offer per share of ¥549. Yorio Imagawa will hold 0.48 million shares of MARUJUN Co., Ltd. after completion of the transaction. Under the agreement, Topre Corporation and MARUJUN Co., Ltd. will also make business and capital alliance. The transaction is expected to complete on June 22, 2017.
Topre Corporation (TSE:5975) completed the acquisition of 5.5% stake in MARUJUN Co., Ltd. (NSE:3422) from Yorio Imagawa on June 22, 2017.
J-Max Co Ltd is a Japan-based company primarily engaged in the manufacture and sale of body stampings and molds for automobiles. The Company operates in four segments. The Marujun segment, Thailand segment, Guangzhou segment and Wuhan segment are engaged in the manufacture and sale of body stampings and precision stampings for automobiles, stamping molds, welding jigs, inspection tools and other equipment in Japan, Thailand and Guangzhou and Wuhan of China. The main products include automobile body stampings such as front pillars, side sills, center pillar inner products, bumpers, hybrid car parts, hood hinges and steering hanger beams, precision parts such as clutch drums, clutch pistons, planetary carriers, belt pulleys and stator holders, various molds, jigs and inspection tools such as front door inner products single and composite inspection tools and others.