JAPAN MATERIAL Co., Ltd. cancelled the acquisition of the remaining 49% stake in Aldon Technologies Services Pte Ltd.
November 17, 2017
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JAPAN MATERIAL Co., Ltd. (TSE:6055) agreed to acquire the remaining 49% stake in Aldon Technologies Services Pte Ltd for approximately JPY 680 million on November 17, 2016. In a related transaction, JAPAN MATERIAL Co., Ltd. (TSE:6055) agreed to acquire the remaining 49% stake in ADCT Technologies Pte. Ltd for JPY 19 million on November 17, 2016.
JAPAN MATERIAL Co., Ltd. (TSE:6055) cancelled the acquisition of the remaining 49% stake in Aldon Technologies Services Pte Ltd on November 17, 2017.
Japan Material Co Ltd is a Japan-based company mainly engaged in the electronics-related business, graphics solution business and solar power generation business. The Company operates in three business segments. The Electronics-related segment is mainly engaged in the manufacture of special gas supply equipment, design and construction of supply piping, sale management of special gas, as well as the provision of technical services. The Graphics Solution segment is mainly engaged in the sale of graphic boards and digital signage related products. The Solar Power Generation segment is engaged in the sale of electricity to electric power companies by solar power generation.