KNJ Limited acquired an additional 0.34% stake in Shimojima Co., Ltd..
January 04, 2013 at 09:30 am IST
Share
KNJ Limited acquired an additional 0.34% stake in Shimojima Co., Ltd. (TSE:7482) effective September 30, 2012. KNJ Limited is acquiring 0.08 million shares of Shimojima Co., Ltd. representing 0.34% stake. Post transaction, KNJ Limited will hold 10.3% stake in Shimojima Co., Ltd.
Shimojima Co Ltd is a Japan-based company principally engaged in the purchase and sale of packing materials such as paper bags, wrapping paper/cartons, plastic bags, adhesive tapes, strings/ribbons, and store supplies. The Company operates through three segments. The Paper Products segment is engaged in the sale of original brand products including paper bags, wrapping paper and paper containers. The Chemical Products and Packaging Materials segment is engaged in the sale of chemical products such as polyethylene bags and polypropylene (PP) bags, as well as adhesive tapes, food packaging materials and string ribbons. The Store Supplies segment is engaged in the sale of horticultural-related materials, and apparel-related materials including office supplies, store supplies, daily necessities, foodstuffs, as well as hangers that are handled by subsidiaries. The Company is also engaged in logistics business.
SHIMOJIMA CO., LTD. 
