MG Home Co., Ltd. cancelled the acquisition of 80% stake in MG Sougou Service Co., Ltd. from Yuji Yamada.
July 22, 2016 at 09:30 am IST
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MG Home Co., Ltd. (TSE:8891) entered into contract to acquire 80% stake in MG Sougou Service Co., Ltd. from Yuji Yamada on July 22, 2015. Under the terms of the transaction, MG Home Co., Ltd. will acquire 160 shares. During the year ended September 2014, MG Sougou Service Co., Ltd. had sales of ¥424.03 million, operating profit of ¥27.44 million, net income of ¥17.25 million, total assets of ¥274.4 million, and net assets of ¥168.42 million. Board of Directors of MG Home Co., Ltd. made a resolution in favor of the transaction on July 22, 2015. The tentative share transfer date is August 1, 2015.
MG Home Co., Ltd. (TSE:8891) cancelled the acquisition of 80% stake in MG Sougou Service Co., Ltd. from Yuji Yamada on July 22, 2016.
AMG Holdings Co Ltd is a Japan-based company engaged in apartment sales business, custom-made building business, real estate management business and real estate leasing business. The Company operates in four business segments. The Apartment Sales segment is engaged in the sale of newly built apartment series More Grace for families in the Tokai area. The Custom-made Building segment provides unique custom houses and store construction based on the concept of houses to build with architects. The Real Estate Leasing segment is engaged in the leasing of apartments in Nagoya City, Aichi Prefecture and Gifu City, Gifu Prefecture. This segment is centered on Nagoya City and Gifu City. The Real Estate Management segment is engaged in the management of new apartments series More Grace and other real estate.