Nippon Concrete Industries Co., Ltd. cancelled the acquisition of Free Kogyo Co., Ltd.
January 09, 2019
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Nippon Concrete Industries Co., Ltd. (TSE:5269) agreed to acquire Free Kogyo Co., Ltd from a group of of sellers on January 10, 2018. Nippon Concrete Industries Co., Ltd. will acquire 0.26 million shares. During the financial ended April 2017, FREE KOGYO Co., LTD. reported net assets of ¥1.1 billion, total assets of ¥2.7 billion, sales of ¥2.1 billion, operating profit of ¥44 million and net income of ¥12 million. The transaction is expected to close on January 31, 2018.
Nippon Concrete Industries Co., Ltd. (TSE:5269) cancelled the acquisition of Free Kogyo Co., Ltd. on January 10, 2019.
NIPPON CONCRETE INDUSTRIES CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of poles, piles and civil engineering products, the purchase of raw materials, the transportation of products, as well as the construction business. The Company operates in three business segments. The Basic segment is engaged in the manufacture and sale of pile products, as well as the provision of piling works and ground improvement works. The Secondary Concrete Products segment is engaged in the manufacture and sale of secondary concrete products such as poles and civil engineering products, as well as the provision of contract test research services and construction works. The Real Estate and Solar Power segment is engaged in the real estate leasing business and the solar power business.