Tokai Lease Co., Ltd. cancelled the acquisition of remaining 5.5% stake in Nippon Cabinet K.K.
March 24, 2021
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Tokai Lease Co., Ltd. (TSE:9761) agreed to acquire remaining 5.5% stake in Nippon Cabinet K.K on March 24, 2020. As per the transaction, Tokai Lease Co., Ltd. will acquire remaining 2200 shares of Nippon Cabinet K.K.. Upon completion, Tokai Lease Co., Ltd. will hold 100% stake in Nippon Cabinet K.K. The transaction is expected to completed by April 1, 2020.
Tokai Lease Co., Ltd. (TSE:9761) cancelled the acquisition of remaining 5.5% stake in Nippon Cabinet K.K on March 24, 2021.
TOKAI LEASE CO., LTD. is primarily engaged in the lease and sale business of temporary buildings, unit houses and related fixtures and fittings. The Lease and Sale of Temporary Buildings segment leases and sells temporary buildings, and parts and materials. The Lease and Sale of Fixtures and Fittings segment leases and sells related fixtures and fittings. The Lease and Sale of Unit Houses segment leases and sells unit houses, and sanitary mobile buildings such as toilets. In China, the Company is only involved in the lease and sale business of temporary buildings through the local subsidiaries. Besides, the Company also provides transport, construction and repair work.