GIH Co., Ltd. cancelled the acquisition of Gold Bond Co., Ltd. from CDG Co., Ltd..
February 13, 2020
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GIH Co., Ltd. conclude a basic agreement to acquire Gold Bond Co., Ltd. from CDG Co., Ltd. (TSE:2487) for ¥100 million on February 14, 2019. For the fiscal year ending March 31, 2018, Gold Bond Co., Ltd. reported sales of ¥309 million, operating income of ¥31.8 million and net income of ¥16.1 million. As of fiscal year ending March 31, 2018, Gold Bond Co., Ltd. reported net assets of ¥112.7 million and total assets of ¥140.1 million. The Board of Directors of CDG Co., Ltd. passed a resolution for the deal on February 14, 2019. The planned transfer agreement signing date is February 28, 2019. The planned share transfer date is February 28, 2019.
GIH Co., Ltd. cancelled the acquisition of Gold Bond Co., Ltd. from CDG Co., Ltd. (TSE:2487) on February 14, 2020.
CDG Co., Ltd. is primarily engaged in provision of sales promotion goods, and marketing services such as planning, proposal, operation of sales promotion through Internet advertisement. Along with its subsidiaries, the Company is engaged in manufacture and sale of pocket tissues as sales promotion goods, development and sales support of local special products, as well as sales promotion business in North America.
CDG CO., LTD. 
