SE Corp. cancelled the acquisition of Tekken Kogyo K.K. from Keiki Yasui, Takao Fukushim, Yumi Yasui, Masaki Yasui and other investors.
March 24, 2015 at 09:30 am IST
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SE Corp. (JASDAQ:3423) agreed to acquire Tekken Kogyo K.K. from Keiki Yasui, Takao Fukushim, Yumi Yasui, Masaki Yasui and other investors for approximately ¥100 million on March 24, 2014. Se Corporation will acquire 18,500 shares. Keiki Yasui holds 33.8% stake, Takao Fukushima holds 15.9% stake, Yumi Yasui holds 15.6% and Masaki Yasui holds 15.2% stake in Tekken Kogyo. The transaction will be funded by cash on hand. For the year ending November 2013, Tekken Kogyo reported net assets of ¥195 million, total assets of ¥417 million, sales of ¥491 million, operating profit of ¥5 million and net income of ¥14 million. Board of Directors of Se Corporation resolved on March 24, 2014. The transaction is expected to close by April 7, 2014.
SE Corp. (JASDAQ:3423) cancelled the acquisition of Tekken Kogyo K.K. from Keiki Yasui, Takao Fukushim, Yumi Yasui, Masaki Yasui and other investors on March 24, 2015.
S E Corporation is primarily engaged in manufacturing construction materials and equipment for repair and reinforcement work. The Company operates in four business segments. The Manufacturing and Selling of Construction Materials and Equipment segment manufactures and sells civil engineering construction materials for use in structures, such as fasteners, bridge collapse prevention devices, cables, and others. The Manufacturing and Selling of Building Materials segment manufactures and sells building materials such as separators, hanging bolts and others. The Construction Consulting segment provides a range of construction consulting service. The Repair and Reinforcement Work segment is engaged in the repair and reinforcement work of bridge structures, tunnels and others, and other construction and inspection of civil engineering and building work.