Kuroda Kagaku Co.,Ltd., entered into a share transfer agreement to acquire Nakai Mold Engineering Co., Ltd., from Takagi Seiko Corporation.
March 15, 2021
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Kuroda Kagaku Co.,Ltd., entered into a share transfer agreement to acquire Nakai Mold Engineering Co., Ltd., from Takagi Seiko Corporation (JASDAQ:4242) on March 16, 2021. Pursuant to the terms of the transaction, Kuroda Kagaku Co.,Ltd., will acquire 0.0002 million shares in Nakai Mold Engineering Co., Ltd. As a result of the transaction, stake of Takagi Seiko Corporation in Nakai Mold Engineering Co., Ltd., will cease to exist. The transaction was resolved upon by the Board of Directors of Takagi Seiko Corporation on March 16, 2021. The scheduled date for the execution of the share transfer agreement is March 31, 2021.
TAKAGI SEIKO CORPORATION is primarily engaged in manufacturing plastic products such as parts for vehicles, computers and phones. The Company operates through Japan, China and Southeast Asia segments. The Japan Segment manufactures moldings in vehicle area such as interior and exterior parts, fuel and washer tanks, and battery-related parts, moldings in office-automation (OA) area such as parts for computers and printers, moldings in communication equipment area such as parts for phones and tablets, and related manufacturing molds. It is also involved in sales of communication terminals such as smart phones, real estate rental, insurance agency, staffing, vehicle sales and repair, and others. The China segment manufactures moldings for vehicles and OA equipment, and related molds. The Southeast Asia segment manufactures moldings for vehicles, and related molds.