Shinki Bus Co.,Ltd. cancelled the acquisition of an additional 8.28% stake in Zentan Bus Co., Ltd.
November 10, 2016
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Shinki Bus Co.,Ltd. (TSE:9083) agreed to acquire an additional 8.28% stake in Zentan Bus Co., Ltd. on November 10, 2015. Shinki Bus will acquire 0.29 million shares to hold a total of 22.55% stake in Zentan Bus. A resolution was passed by Board of Directors of Shinki Bus. The transaction is expected to close on December 1, 2015.
Shinki Bus Co.,Ltd. (TSE:9083) cancelled the acquisition of an additional 8.28% stake in Zentan Bus Co., Ltd. on November 10, 2016.
SHINKI BUS CO.,LTD. is a Japan-based company mainly engaged in the provision of car transportation services. It operates through six business segments. Automobile Transportation segment is engaged in the provision of general transportation, passenger and specific passenger transportation, postal transportation, general transportation consignment, and cable search. Vehicle Sales and Maintenance segment is engaged in the sale of automotive parts and tires, the repair of automobiles, and insurance agent. Leisure Service segment is engaged in the food and beverage business, Tsutaya franchise business. Real Estate segment is engaged in the buying, sale, rental and management of real estate. Travel Charter segment provides travel business and general charter bus business. Outsourcing segment includes car operation and maintenance, and nursing care business. It provides advertising agency service, cleaning and security, childcare, Web service operation, crop production, sale and wholesale.