Two Real Estate Corporations in Japan cancelled the acquisition of Rental Condominiums in Tokyo and Wakayama from Ichiken Co., Ltd..
January 29, 2016 at 04:00 am
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Two Real Estate Corporations in Japan agreed to acquire Rental Condominiums in Tokyo and Wakayama from Ichiken Co., Ltd. (TSE:1847) for approximately ¥460 million on January 29, 2015. A contract is expected to be concluded in July 2015. The Board of Directors of Ichiken passed a resolution for the transaction on June 26, 2015. The transaction is expected to complete in August 2015. The transaction will result in a profit of ¥102 million to Ichiken Co., Ltd.
Two Real Estate Corporations in Japan cancelled the acquisition of Rental Condominiums in Tokyo and Wakayama from Ichiken Co., Ltd. (TSE:1847) on January 29, 2016.
ICHIKEN Co., Ltd. is a Japan-based company engaged in construction business, such as construction, civil engineering and interior finish construction, as well as real estate business. The Company opreates its business through two business segments. Construction segment is involved in the operation of the business related to general construction, civil engineering and other construction work. Real Estate segment is involved in the sale and leasing of real estate, as well as other business related to real estate.
ICHIKEN CO., LTD. 