Toho Computer Service Co., Ltd. cancelled the acquisition of remaining 83.33% stake in Toho Information System CO, LTD. from The Toho Lease Co., Ltd., Toho Card Co.,Ltd., The Toho Credit Service Co., Ltd., The Toho Bank, Ltd., FSC Co., Ltd and Toho Shinyo Hoken Co., Ltd.
February 06, 2015 at 11:00 pm
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Toho Computer Service Co., Ltd. signed an agreement to acquire remaining 83.33% stake in Toho Information System CO, LTD. from The Toho Lease Co., Ltd., Toho Card Co.,Ltd., The Toho Credit Service Co., Ltd., The Toho Bank, Ltd. (TSE:8346), FSC Co., Ltd and Toho Shinyo Hoken Co., Ltd. in stock on February 7, 2014. As per the terms of the transaction, Toho Information shareholders will get 0.1 shares of the Toho Computer Services stock as a consideration for each Toho Information share. The transaction is expected to be completed on April 1, 2014.
Toho Computer Service Co., Ltd. cancelled the acquisition of remaining 83.33% stake in Toho Information System CO, LTD. from The Toho Lease Co., Ltd., Toho Card Co.,Ltd., The Toho Credit Service Co., Ltd., The Toho Bank, Ltd. (TSE:8346), FSC Co., Ltd and Toho Shinyo Hoken Co., Ltd. on February 7, 2015.
Toho Bank Ltd is a Japan-based bank mainly engaged in the provision of financial services including banking business. The Bank operates in four business segments. The Banking segment is engaged in deposit business, loan business, exchange business and other related business through the head office, branches and ministries. The Securities segment is mainly engaged in securities business. The Leasing segment is engaged in goods leasing and installment sales business. The Credit Guarantee segment is engaged in credit guarantee business as a finance-related business. The other businesses include business succession support business, corporate investment business and credit card business.
Toho Computer Service Co., Ltd. cancelled the acquisition of remaining 83.33% stake in Toho Information System CO, LTD. from The Toho Lease Co., Ltd., Toho Card Co.,Ltd., The Toho Credit Service Co., Ltd., The Toho Bank, Ltd., FSC Co., Ltd and Toho Shinyo Hoken Co., Ltd.