Kose R.E. Co., Ltd. cancelled the acquisition of R-Maintenance Co., Ltd. from Nakano Kenchiku Jimusho Co., Ltd. and four individuals.
September 12, 2014 at 12:00 am
Share
Kose R.E. Co., Ltd. (JASDAQ:3246) entered into basic agreement to acquire R-Maintenance Co., Ltd. from Nakano Kenchiku Jimusho Co., Ltd. and four individuals for ¥20 million on September 12, 2013. Kose R.E. Co., Ltd. will acquire 400 shares of R-Maintenance Co., Ltd. Nakano Kenchiku Jimusho Co., Ltd will sell its entire stake comprising 75% stake in R-Maintenance. Kose R.E. Co., Ltd. will operate R-Maintenance Co., Ltd. as its subsidiary. During the year ending November 2012, R-Maintenance Co., Ltd. had net assets of ¥15.57 million, total assets of ¥58.72 million, sales of ¥135.29 million, operating profit of ¥4.64 million, ordinary profit of ¥4.05 million and net profit of ¥4.05 million. Board of Directors made a resolution in favor of the transaction on September 12, 2013. The Board of Directors of Kose R.E. is expected to pass a resolution for the signing of the share transfer agreement in relation to the acquisition on January 31, 2014. The transaction is expected to close on February 1, 2014.
Kose R.E. Co., Ltd. (JASDAQ:3246) cancelled the acquisition of R-Maintenance Co., Ltd. from Nakano Kenchiku Jimusho Co., Ltd. and four individuals on September 12, 2014.
KOSE R.E. Co., Ltd. is a real estate company. The Company operates in three business segments. The Family Condominium Sales segment is engaged in the planning, development and sale of condominiums in Tokyo and central cities of Kyushu and other prefectures. The Real Estate Leasing and Management segment is engaged in the leasing, management and brokerage of condominiums for asset management purpose. The Building Maintenance segment mainly undertakes after-sales services such as administrative affairs, inspection and maintenance of family apartments and asset management apartments that the Company supplies in the Fukuoka metropolitan area.
KOSE R.E. CO.,LTD. 
