Tenmaya Co.,Ltd. cancelled the acquisition of 8.5% stake in Tenmaya Store Co., Ltd..
April 20, 2018
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Tenmaya Co.,Ltd. agreed to acquire 8.5% stake in Tenmaya Store Co., Ltd. (TSE:9846) on April 21, 2017. Under the terms of the transaction, Tenmaya Co.,Ltd. will acquire 0.984 million shares and will hold a total of 1.474 million shares of Tenmaya Store on closing. The transaction is expected to close on September 1, 2017.
Tenmaya Co.,Ltd. cancelled the acquisition of 8.5% stake in Tenmaya Store Co., Ltd. (TSE:9846) on April 21, 2018.
Tenmaya Store Co.,Ltd. is a Japan-based company mainly engaged in retail business. The Company operates through two segments. The Retail segment is engaged in the retail of foods, sundries, clothing and related stores leasing business. The Retail Outskirts segment is engaged in manufacture and sale of prepared foods, the business of family restaurants and the provision of related products. Its brands include HAPPY TOWN, HAPPYâS, HAPPY Mart. The Company also operates real estate management business.