Housing Gojinsha Okinawa Co., Ltd. cancelled the acquisition of apartment management business in Okinawa from Nihon Housing Co.,Ltd..
August 07, 2014 at 05:00 am
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Housing Gojinsha Okinawa Co., Ltd. agreed to acquire apartment management business in Okinawa from Nihon Housing Co.,Ltd. (TSE:4781) for ¥15.6 million in cash on August 7, 2013. Apartment management business reported sales of ¥80 million for March 2013. Apartment management business reported total assets of ¥0.15 million as at the end of July 2013. The business transfer contract is expected to be signed on August 13, 2013 and the transaction is expected to be completed on October 1, 2013. Capital Strategy Consulting Co., Ltd acted as third party appraiser to Nihon Housing Co.,Ltd.
Housing Gojinsha Okinawa Co., Ltd. cancelled the acquisition of apartment management business in Okinawa from Nihon Housing Co.,Ltd. (TSE:4781) on August 7, 2014.
NIHON HOUSING CO.,LTD. is engaged in real estate business. The Company operates in four business segments. The Condominium Management segment provides condominium management services, cleaning, equipment management and maintenance services, comprehensive management of condominiums, such as management union settlement and management assistance, and school childcare and study cram school operation business. The Building Management segment is engaged in building sanitary cleaning business, security business and comprehensive management of buildings. The Real Estate Management segment provides building management and rental management services for owner-owned properties, sub-lease business, real estate sales and brokerage business. The Repair and Maintenance segment provides large-scale repair work such as building and equipment repair work for common areas of condominiums and buildings and painting of exterior walls, renovation work and exclusive construction work for exclusive use parts.