Brief: Akatsuki to buy stakes in three firms for totaling 6.14 bln yen
05/04/2017 10:01
April 5 (Reuters) - Akatsuki Corp 8737.T :
* Co plans to buy 100 percent stake in a Tokyo-based firm
Total Estate Holdings, 88.9 percent stake in a Yokohama-based
construction firm Total Tec and 70 percent stake in a
Yokohama-based real estate agency
* Co will wholly own Total Estate Ltd via acquisition of
Total Estate Holdings
* Says it plans to set up a new wholly owned subsidiary to
implement the acquisition
* Total acquisition amount is 6.14 billion yen
* Transaction date is July 3
Source text in Japanese: https://goo.gl/QbVwZB
Further company coverage: 8737.T
(Beijing Headline News)
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