Kyokuto Co., Ltd. cancelled the acquisition of cleaning business of Shinko Co., Ltd.
May 15, 2020
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Kyokuto Co., Ltd. (JASDAQ:2300) entered into an agreement to acquire cleaning business of Shinko Co., Ltd on May 16, 2019.
Kyokuto Co., Ltd. (JASDAQ:2300) cancelled the acquisition of cleaning business of Shinko Co., Ltd on May 16, 2020.
Kyokuto Co., Ltd. is a Japan-based company mainly engaged in the home cleaning business. The Company is engaged in the provision of dry cleaning, laundry and products sale services. The dry cleaning service is engaged in the provision of cleaning services by mixing ozone with petroleum solvent for products that are made of wool, silk, some synthetic fibers and other materials that cannot use water. The laundry service is engaged in the provision of cleaning services by warm water and washing equipment for products that are made of cotton, linen, some synthetic fibers and other materials. The products sale service is engaged in the sale of promotional products to the stores, as well as the provision of special member services. The Company operates through directly managed stores, quasi directly managed stores and agent stores.
KYOKUTO CO., LTD. 
