Kandenko Co., Ltd. agreed to acquire 90% stake in Choshi Wind Development Co., Ltd. from Japan Wind Development Co.Ltd. for ¥1.8 billion.
October 30, 2012 at 04:00 am
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Kandenko Co., Ltd. (TSE:1942) agreed to acquire 90% stake in Choshi Wind Development Co., Ltd. from Japan Wind Development Co.Ltd. (TSE:2766) for ¥1.8 billion on October 30, 2012. Choshi Wind Development reported revenues of ¥429 million, total assets of ¥3.3 billion, operating profit of ¥10 million, net loss of ¥66 million and net assets of ¥32 million. for the year ended March 31, 2012.
The deal has been resolved by the Board of Directors of Japan Wind Development Co.Ltd.
Kandenko Co Ltd is a Japan-based company engaged in the facilities construction business, the electric equipment sales business, the real estate business, the leasing business and the power generation business. The Equipment Engineering segment is engaged in the business related to electricity, pipe work and other equipment. This segment is also engaged in construction security business, as well as design and calculation business. The Company is engaged in the real estate business and the power generation business, the electrical equipment sales business and the leasing business. The Company is also involved in lease business of land, buildings and vehicles. The Company is also involved in the manufacture, sale and maintenance of software for cable television operators.
KANDENKO CO.,LTD. 