Zhong Bao Co., Ltd. completed the acquisition of Taiwan Amita Co., Ltd. from Amita Holdings Co.,Ltd..
June 10, 2020
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Zhong Bao Co., Ltd. signed an agreement to acquire Taiwan Amita Co., Ltd. from Amita Holdings Co.,Ltd. (JASDAQ:2195) for TWD 5 million on April 24, 2020. Taiwan Amita had revenues of ¥67 million (TWD 18.4 million), total assets of ¥39 million (TWD 10.7 million), net liabilities of ¥553 million (TWD 152.2 million), operating loss of ¥37 million (TWD 10.1 million), and net income of ¥32 million (TWD 8.8 million) in the period ending December 31, 2019. Transaction is expected to close in May 2020.
Zhong Bao Co., Ltd. completed the acquisition of Taiwan Amita Co., Ltd. from Amita Holdings Co.,Ltd. (JASDAQ:2195) on June 11, 2020.
AMITA HOLDINGS CO.,LTD. is a Japan-based company engaged in the environment-related business. The Company operates in two business segments. The Terrestrial Resource segment is involved in the terrestrial resource manufacturing business, the recycling operation business and the resource sales business. The Environment Solution segment provides environmental consulting, inspection and research, as well as the service related to certification of forest management council and Marine Stewardship Council (MSC).