Venture Revitalize Investment Inc. agreed to acquire an unknown stake in Kibun Foods Inc. from Ant Bridge No. 2 managed by Ant Capital Partners Co., Ltd. for ¥99.9 million.
October 19, 2012 at 09:30 am IST
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Venture Revitalize Investment Inc. (OSE:8721) agreed to acquire an unknown stake in Kibun Foods Inc. from Ant Bridge No. 2 managed by Ant Capital Partners Co., Ltd. for ¥99.9 million on October 3, 2012. Kibun Foods Inc. reported annual revenue of ¥68.7 billion, total assets of ¥60.1 billion and net assets of ¥12.4 billion for the year 2011.
The transaction was approved by Board of Directors of Kibun Foods Inc. on October 19, 2012 and is expected to close on October 25, 2012.
Kibun Foods Inc is a Japan-based company mainly engaged in the manufacture and sale of fish paste products, prepared foods, and other food products. The Company operates through three segments. Domestic Food segment manufactures and sells food products such as fish paste products, prepared foods, and fishery delicacies in Japan, and imports and exports fishery products. The main products of fish paste products are kamaboko, crab-flavored kamaboko, chikuwa, hampen, datemaki, fried satsuma and others. The main side dishes are Chinese side dishes, noodles, and egg-processed side dishes. Food-related segment is engaged in the logistics business. Overseas Food segment manufactures and sells fish paste products overseas, and imports and exports agricultural, livestock and fishery products. Main products are surimi, seafood, grains, soybeans, sesame and other agricultural products. It also provides production equipment and automobile leasing business, and insurance agency business.
Venture Revitalize Investment Inc. agreed to acquire an unknown stake in Kibun Foods Inc. from Ant Bridge No. 2 managed by Ant Capital Partners Co., Ltd. for ¥99.9 million.
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