NISSO PRONITY Co., Ltd. signed a basic agreement to acquire Ayame Seiki K.K. from two individual shareholders for ¥480 million.
March 03, 2017
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NISSO PRONITY Co., Ltd. (FKSE:3440) signed a basic agreement to acquire Ayame Seiki K.K. from two individual shareholders for ¥480 million on March 3, 2017. A share transfer contract will be signed on March 16, 2017. NISSO PRONITY Co., Ltd. signed an agreement to acquire Ayame Seiki K.K. from two individual shareholders for ¥480 million on March 14, 2017. The advisory costs for the transaction was ¥26 million. NISSO PRONITY will acquire 2,000 shares of Ayame Seiki. On completion, Ayame Seiki will become a subsidiary of NISSO PRONITY. The deal was resolved by the Board of Directors of NISSO PRONITY on March 3, 2017. The deal is expected to close on April 7, 2017.
NISSO PRONITY Co.,Ltd. is a Japan-based company mainly engaged in operation of metal processing business, rubber processing business and construction business. The Company operates in three business segments. The Metal Processing segment engages in planning, design, processing and sale of solar cell array support stands, metal panels and other metal processed products. The Rubber Processing segment engages in planning, design, processing and sale of rubber products used for housing, machinery and public infrastructure equipment. The Construction segment engages in construction projects associated with the above projects.
NISSO PRONITY CO., LTD. 
