An unknown buyer cancelled the acquisition of 4.19% stake in Watami Co., Ltd. from SHINMEI Co., LTD.
March 26, 2020
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An unknown buyer agreed to acquire 4.19% stake in Watami Co., Ltd. (TSE:7522) from SHINMEI Co., LTD. on March 26, 2019. Under the terms of the transaction, 1.75 million shares of Watami are to transferred.
An unknown buyer cancelled the acquisition of 4.19% stake in Watami Co., Ltd. (TSE:7522) from SHINMEI Co., LTD. on March 26, 2020.
WATAMI CO.,LTD. is a Japan-based company mainly engaged in the restaurants business, the home delivery business, the agriculture business and the environmental business. The Company has five business segments. The Domestic Restaurant segment is engaged in the operation of restaurants, the manufacture and wholesale of ingredients, as well as the delivery of liquors and beverages to directly managed stores and franchise stores. The Home Delivery segment is engaged in the sale and delivery of food material sets and prepared dishes. The Overseas Restaurant segment is engaged in the franchise business, the strategic planning and execution of overseas expansion, as well as the operation of restaurants in overseas. The Environmental segment is engaged in the power retail business, the wind power generation business and the circulation services business. The Agriculture segment is engaged in the production and sale of agricultural products and processed agricultural products.
WATAMI CO., LTD. 
