Suwat Faprathanchai agreed to acquire 50% stake in Konoike J.Transport Co., Ltd. from Konoike Transport Co., Ltd. and others.
April 19, 2021
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Suwat Faprathanchai agreed to acquire 50% stake in Konoike J.Transport (Thailand) Co., Ltd. from Konoike Transport Co., Ltd. (TSE:9025) and others on April 20, 2021. Konoike J.Transport (Thailand) Co., Ltd. reported total assets of THB 307 million, revenue of THB 199 million and net assets of THB 282 million as pf December 31, 2020. The transaction is expected to complete on April 26, 2021.
Konoike Transport Co., Ltd. engages in the transportation business. The Company operates in three segments. Its Composite Solution segment operates production process businesses, such as materials receiving, manufacturing contracts, factory in-yard transporting and product inspection, the distribution businesses, such as product loading and unloading, delivery and distributive processing, the other specialty businesses, such as sterilization of medical machines, cleaning and delivery of hospital machines, collection and delivery of industrial waste and recycling in iron mills. Domestic Logistics segment operates constant-temperature logistics businesses based on frozen and refrigerated warehouses held in Japan and general logistics businesses based on dry warehouses. Overseas Logistics segment involves in the maritime and air freight-handling business, and the warehouse operation of export and import cargoes.
KONOIKE TRANSPORT CO.,LTD. 
