Yagi & Co., Ltd. cancelled the acquisition of Yamaya-Orimono Co.,Ltd. from Eizo Osakabe and two others.
January 19, 2018
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Yagi & Co., Ltd. (TSE:7460) signed a contract to acquire Yamaya-Orimono Co.,Ltd. from Eizo Osakabe and two others on January 20, 2017. Eizo Osakabe will sell 42.5% stake as part of the transaction. Yamaya-Orimono Co.,Ltd had total assets of ¥1.48 billion, net sales of ¥1.9 billion and net assets of ¥194 million as on March 31, 2016. The transaction has been resolved by the Board of Directors of Yagi & Co., Ltd on January 20, 2017. The transaction is expected to complete on April 3, 2017.
Yagi & Co., Ltd. (TSE:7460) cancelled the acquisition of Yamaya-Orimono Co.,Ltd. from Eizo Osakabe and two others on January 20, 2018.
YAGI & CO., LTD. is a Japan-based company mainly engaged in the trading, import and export of textile products. The Company operates business through raw material field, textile field and textile secondary products field. The Company is also engaged in the textile processing business, real estate business and other businesses.