Sohgo Security Services Co. Ltd. completed the acquisition of an additional 11.75% stake in Hochiki Corporation.
November 12, 2012 at 11:00 pm
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Sohgo Security Services Co. Ltd. (TSE:2331) agreed to acquire an additional 11.75% stake in Hochiki Corporation (TSE:6745) for ¥1.4 billion on November 12, 2012. Sohgo Security will acquire 3.42 million shares in Hochiki. Post transaction, Sohgo Security Services Co. Ltd. will hold 15.14% stake in Hochiki Corporation.
Sohgo Security Services Co. Ltd. (TSE:2331) completed the acquisition of an additional 11.75% stake in Hochiki Corporation (TSE:6745) on November 13, 2012.
Sohgo Security Services Co Ltd is a Japan-based company mainly engaged in the security services business. The Company operates in three segments. The Security segment engages in the machine security services, permanent security services and security transport services. The Integrated Management and Disaster Prevention segment operates pipe work, electrical work, facility work, cleaning management, environmental health management, facility management, inspection of fire fighting equipment. The Care segment provides home care support, visit care, regular care and facility care service and provides device rentals. It also provides MMK, a multifunctional automated teller machine (ATM), ALSOK safety confirmation service, Mamorukku, a multifunctional mobile security terminal, security solution service, information security service.