Nittoku Engineering Co., Ltd. cancelled the acquisition of 10% stake in Adtex Co., Ltd from Tokyo Small and Medium Business Investment & Consultation Co., Ltd.
December 22, 2018
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Nittoku Engineering Co., Ltd. (JASDAQ:6145) agreed to acquire 10% stake in Adtex Co., Ltd from Tokyo Small and Medium Business Investment & Consultation Co., Ltd. for ¥30 million on December 22, 2017. Under the terms of the transaction, Nittoku Engineering will acquire 0.0056 million shares at ¥5300 per share. The transaction is resolved by the Board of Nittoku Engineering Co., Ltd on December 22, 2017. Conclusion of the share purchase and sale contract is scheduled on December 22, 2017 and the transaction is expected to close on January 10, 2018.
Nittoku Engineering Co., Ltd. (JASDAQ:6145) cancelled the acquisition of 10% stake in Adtex Co., Ltd from Tokyo Small and Medium Business Investment & Consultation Co., Ltd. on December 22, 2018.
NITTOKU CO., LTD., formerly NITTOKU ENGINEERING CO., LTD. is a Japan-based company primarily engaged in the manufacture and sale of coil winding machines. The Company operates in two business segments. The Winding Systems and Mechatronics segment is involved in the manufacture, sale and maintenance of coil winding machines, coil winding systems and peripheral systems, winding and conveyance equipment of various films, and special wire winding equipment and rewinders, which are used for electronic parts, automobiles, communications equipment, audio-visuals, office automation (OA) machines, as well as appliance and precision equipment. The Non-contact Integrated Circuit (IC) Card segment manufactures and sells embedded antenna winding coil-winding and IC chip module junction line-based IC tags, peripheral equipment and systems.
Nittoku Engineering Co., Ltd. cancelled the acquisition of 10% stake in Adtex Co., Ltd from Tokyo Small and Medium Business Investment & Consultation Co., Ltd.