Puequ CO.,LTD. cancelled the agreement to acquire Kawanaka Kensetsu, K.K. from Kawanaka Shoji Co., Ltd
January 12, 2023
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Puequ CO.,LTD. (TSE:9264) entered into an agreement to acquire Kawanaka Kensetsu, K.K. from Kawanaka Shoji Co., Ltd for ¥86 million on December 14, 2022. As of June 2022, Kawanaka Kensetsu reported total assets of JPY 1029.574 million, sales of JPY 1001.909 million, operating income of JPY 130.109 million and net income of JPY 82.034 million. The deal is expected to close in mid to late January 2023.
Puequ CO.,LTD. (TSE:9264) cancelled the agreement to acquire Kawanaka Kensetsu, K.K. from Kawanaka Shoji Co., Ltd on January 13, 2023.
Puequ CO.,LTD. is a Japan-based company principally engaged in the manufacture and sale of environment and energy related equipment, power and heavy machine related equipment, as well as disaster prevention and safety related equipment. The Company operates in three business segments. Environment and Energy segment is involved in the manufacture and sale of environment-related equipment aimed at water treatment and environmental improvement, as well as energy-related equipment, which are mainly composed of heat exchangers. Power and Heavy Equipment segment is involved in the manufacture and sale of marine machinery and parts, plant related equipment and other power related parts. Disaster Prevention and Safety segment is involved in the manufacture and sale of indoor and outdoor fire hydrants and pressurized water conveying devices for sprinkler fire extinguishing facilities.