E'grand Co.,Ltd cancelled the acquisition of leasehold land and building at Kaji-cho, Chiyoda-ku, Tokyo from Nippon Pigment Co., Ltd..
December 18, 2014 at 11:00 pm EST
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e'grand Co.,Ltd (TSE:3294) agreed to acquire leasehold land and building at Kaji-cho, Chiyoda-ku, Tokyo from Nippon Pigment Co., Ltd. (TSE:4119) for ¥110 million on December 19, 2013. The transaction was resolved by Board of Directors of Nippon on December 19, 2013 while the agreement was signed on December 27, 2013. The transaction is expected to close on April 30, 2014.
e'grand Co.,Ltd (TSE:3294) cancelled the acquisition of leasehold land and building at Kaji-cho, Chiyoda-ku, Tokyo from Nippon Pigment Co., Ltd. (TSE:4119) on December 19, 2014.
e'grand Co Ltd is a Japan-based company primarily engaged in used housing restoration business including used condominiums and detached houses. The used housing restoration business purchases used houses from real estate auction markets and general used housing distribution markets and recovers the function of the houses through renovation, then sells its properties to primary target customers, including young families and first-time housing buyers. It mainly provides residential properties in Tokyo and Kansai area. The other business is engaged in the real estate leasing, remodeling contracting business and other real estate-related businesses.