MARUICHI Co.,Ltd. cancelled the acquisition of an additional 20% stake in Yonekubo, K.K.
March 20, 2016
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MARUICHI Co.,Ltd. (NSE:8228) agreed to acquire an additional 20% stake in Yonekubo, K.K. on March 20, 2015. MARUICHI Co.,Ltd. will acquire an additional 40 shares and increased its stake to 60 shares in Yonekubo, K.K. The scheduled share sale agreement conclusion date is March 30, 2015. Board of Directors of MARUICHI Co.,Ltd. made a resolution in favor of the transaction on March 20, 2015. The scheduled share acquisition date is March 30, 2015.
MARUICHI Co.,Ltd. (NSE:8228) cancelled the acquisition of an additional 20% stake in Yonekubo, K.K. on March 20, 2016.
MARUICHI Co.,Ltd. is a Japan-based company mainly engaged in the wholesale of fresh and processed foods such as marine products and livestock products and general processed foods. The Company operates through four business segments. The Marine Products segment sells marine products, processed marine products, daily items and frozen foods, and manufactures processed marine products. The General Food segment sells general dry foods, general processed foods and confectionery. The Livestock segment manufactures and sells livestock products and processed livestock products. The Maruizu Nagano Prefectural Water Group develops food wholesale business mainly in the Nagano Prefecture area. The Company is also involved in the logistics and refrigerated warehouse business, office automation (OA) equipment and communication equipment sales and insurance agency business.
MARUICHI CO.,LTD. 