Chodai Co., Ltd. cancelled the acquisition of 5% stake in Taguibo Aquatech Solutions Corporation from Equi-Parco Construction Company.
October 14, 2015 at 05:00 am
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Chodai Co., Ltd. (TSE:9624) entered into a memorandum of understanding to acquire 5% stake in Taguibo Aquatech Solutions Corporation from Equi-Parco Construction Company on October 14, 2014. The transaction is expected to complete within 2014. As of March 23, 2015, a contract was concluded on March 20, 2015.
Chodai Co., Ltd. (TSE:9624) cancelled the acquisition of 5% stake in Taguibo Aquatech Solutions Corporation from Equi-Parco Construction Company on October 14, 2015.
CHODAI CO., LTD. is Japan-based company mainly engaged in the construction consulting business. The Company has three business segments. The Consulting segment is engaged in the research, planning, design and construction management of bridges and special construction objects, the design of civil engineering structures, the planning and design of comprehensive transport, city and region, the research, planning, design, operational administration and public management of rivers, the provision of information processing, system planning and design, software development, as well as information content development, operation and distribution services. The Services Provider segment is engaged in the operation of roads, public facilities and demand transportation systems, and the polluter pays principle (PPP) business. The Products segment is engaged in the sale of eco products and information systems, as well as the rental business and the application service provider (ASP) business.