Marufuji Sheet Piling Co., Ltd. cancelled the acquisition of D.K.Com,Inc.
September 11, 2018
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Marufuji Sheet Piling Co., Ltd. (TSE:8046) agreed to acquire D.K.Com,Inc. on September 12, 2017. The contract between the parties will be concluded October 2, 2017. Under the terms of the transaction, Marufuji Sheet Piling Co., Ltd. will acquire 400 shares of D.K.Com,Inc. Post-acquisition, D.K.Com,Inc. will operate as a subsidiary of Marufuji Sheet Piling Co., Ltd. For the period ended October 31, 2016, D.K.Com,Inc. reported total assets of ¥624 million, net assets of ¥151 million and total revenues of ¥951 million. Board of Marufuji Sheet Piling Co., Ltd. resolved the transaction on September 12, 2017. The transaction is expected to complete on October 2, 2017.
Marufuji Sheet Piling Co., Ltd. (TSE:8046) cancelled the acquisition of D.K.Com,Inc. on September 12, 2018.
MARUFUJI SHEET PILING CO., LTD. is a Japan-based manufacturer of construction materials. The Company is principally involved in the sale, leasing, process and transportation of steel sheet piles, H-section steel, earth retaining steel materials, lining boards, temporary system bridges, reinforced soil wall materials and processed iron frames for buildings, as well as the related construction works. The Company has three business divisions. The Sales division is engaged in the purchase and sale of materials. The Factory division specializes in the storage of leased materials, as well as the provision of repair, maintenance, manufacture and processing services. The Transportation division provides product transportation services.