Fortech Plastic (B.V.I.) Co., Ltd cancelled the acquisition of Suzhou Fuji Seiki Co., Ltd. from Fuji Seiki Co., Ltd..
December 17, 2015 at 04:00 am
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Fortech Plastic (B.V.I.) Co., Ltd entered into share transfer contract to acquire Suzhou Fuji Seiki Co., Ltd. from Fuji Seiki Co., Ltd. (JASDAQ:6400) for CNY 19.2 million on December 17, 2014. During the year ended December 31, 2013, Suzhou Fuji Seiki Co., Ltd. had net assets of ¥136.31 million (CNY 7.91 million), total assets of ¥854.26 million (CNY 49.6 million), sales of ¥637.75 million (CNY 37.03 million), operating loss of ¥60.56 million (CNY 3.52 million), and net loss of ¥70.09 million (CNY 4.07 million). Board of Directors of Fuji Seiki Co., Ltd. made a resolution in favor of the transaction on December 17, 2014. The tentative share transfer date is December 31, 2014. The conversion has been done through www.oanda.com as on December 31, 2013.
Fortech Plastic (B.V.I.) Co., Ltd cancelled the acquisition of Suzhou Fuji Seiki Co., Ltd. from Fuji Seiki Co., Ltd. (JASDAQ:6400) on December 17, 2015.
FUJI SEIKI CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of precision molds for injection molding and injection molding systems. The Company operates in two business segments. The Precision Molds For Injection Molding and Injection Molding System segment is engaged in the manufacturing and sales of precision molds for injection molding and injection molding systems. The Precision Molding and Others segment is engaged in the manufacturing and sales of precision molding products and other products.