Ito Yogyo Co., Ltd. cancelled the transaction announced on June 27, 2014.
August 01, 2014 at 09:30 am IST
Share
Ito Yogyo Co., Ltd (TSE:5287) announced a private placement of 192,000 common shares at ¥780 per share for gross proceeds of ¥149,760,000 on June 27, 2014. The company will issue the shares to existing investor, Japan Trustee Services Bank, Ltd which is a trust account. The transaction is by way of disposal by 3rd party allocation. On closing, the investor will increase its stake in the company from 7% to 12.38%. The transaction is expected to close by August 4, 2014. The transaction was approved by the board of directors of the company.
On August 1, 2014, Ito Yogyo Co., Ltd. cancelled the transaction.
ITO YOGYO CO., LTD. is a company mainly engaged in the manufacture and sale of secondary concrete products. The Company operates in three business segments. The Concrete-related Business segment is engaged in the provision of road-related products, bicon pipes, bicon manholes, rubber joint, environment-related products and others. The Building Equipment-related Business segment is engaged in the sale, installation and maintenance of building equipment-related machinery, with a focus on the air conditioning equipment. The Real Estate-related Business segment is engaged in the leasing and management of condominiums and parking lots.