An Dinh Technology Development And Investment Company Limited, Kitoku Shinryo Co., Ltd.
November 27, 2015 at 09:30 am IST
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Kitoku Shinryo Co., Ltd. (JASDAQ:2700) agreed to acquire 80% stake in An Dinh Technology Development And Investment Company Limited from An Dinh Company Limited for approximately ¥290 million in cash on October 19, 2015. The contract will be concluded by November 2015. An Dinh Technology Development And Investment Company Limited recorded net assets of VND13.8 billion (¥76.23 million), total assets of 50.97 billion (¥281.96 million), sales of VND 80.82 billion (¥447.09 million), EBIT of 2.88 billion (¥15.93 million) and ordinary profit and net income of VND 490 million (¥2.71 million) each for the year ended December 31, 2014. Nguyen Thanh Nhi holds the remaining 20% stake in An Dinh Technology. The transaction is expected to complete in March 2016. the conversion is done from oanda.com as of December 31, 2014.
Kitoku Shinryo Co., Ltd. (JASDAQ:2700) cancelled the acquisition of 80% stake in An Dinh Technology Development And Investment Company Limited from An Dinh Company Limited on November 27, 2015.
KITOKU SHINRYO CO., LTD. is a Japan-based company mainly engaged in the rice business, the feed business, the chicken egg business and the food business. The Company operates in four business segments. The Rice segment is engaged in the manufacture and sale of general milled rice and rinse-free milled rice for commercial uses and family uses, rice for cooked rice uses, and minimum access rice, as well as the sale of brown rice to wholesalers and retailers. The Feed segment is engaged in the sale of feed products such as rice bran products and imported pastures, and feed raw materials. The Chicken Egg segment is engaged in the sale of eggs for commercial uses and family uses, and processed egg products. The Food segment is engaged in the manufacture and sale of rice flours for confectioneries and processed food products, as well as processed food products and protein-modified rice.