Tokyo Sangyo Co. Ltd. cancelled the acquisition of remaining 35% stake in Suzuka Kenki K.K. from Sumitomo (S.H.I.) Construction Machinery Co., Ltd.
March 31, 2012 at 05:00 am
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Tokyo Sangyo Co. Ltd. (TSE:8070) agreed to acquire the remaining 35% stake in Suzuka Kenki K.K. from Sumitomo (S.H.I.) Construction Machinery Co., Ltd. on March 31, 2011. The acquisition will be made by Tokyo Sangyo using funds on hand. Suzuka Kenki K.K. will operate as a wholly-owned subsidiary of Tokyo Sangyo on closing. The transaction was resolved by the Board of Directors of Tokyo Sangyo. The impact of the transaction in Tokyo Sangyo's consolidated and non-consolidated performances is negligible.
Tokyo Sangyo Co. Ltd. (TSE:8070) cancelled the acquisition of remaining 35% stake in Suzuka Kenki K.K. from Sumitomo (S.H.I.) Construction Machinery Co., Ltd. on March 31, 2012.
Tokyo Sangyo Co Ltd is a Japan-based company engaged in the electric power business, the chemical and environment business, the electronic precision equipment business and the life related business. The Company operates through four business segments. Electric Power segment is engaged in the provision of power generating equipment, power distribution equipment and other electric power related equipment. Chemical and Environment segment is engaged in the provision of plants and equipment for chemical, petroleum refining, pharmaceutical, textile, rubber, nonferrous metals and other industries. Electronic Precision Equipment segment is engaged in the provision of precision equipment, measuring devices, air conditioning and other related equipment. Life Related segment is engaged in the provision of water-saving automatic flusher, plastic bags and garbage collection bags. The Company is also engaged in the management and operation of buildings, and the real estate leasing business.
TOKYO SANGYO CO., LTD. 
