Mamiya-OP Co., Ltd. cancelled the acquisition to acquire remaining 9.3% in Kasco Corporation from The Chugoku Bank, Limited, The Hyakujushi Bank, Ltd., Hyakujushi Lease Co., Ltd., Mieko Ikeda and others.
August 25, 2017
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Mamiya-OP Co. Ltd. (TSE:7991) concluded a share exchange contract to acquire remaining 9.3% in Kasco Corporation from The Chugoku Bank, Limited (TSE:8382), The Hyakujushi Bank, Ltd. (TSE:8386), Hyakujushi Lease Co., Ltd., Mieko Ikeda and others for ¥47.5 million on August 26, 2016. Under the terms, 1.1 million shares will be acquired for ¥45.2 per share. The consideration comprises issuance of 0.39 million common shares of Mamiya-OP Co. Ltd. at ¥119 per share. Post this transaction, Kasco Corporation will operate as a wholly owned subsidiary of Mamiya-OP Co. Ltd. For the year ended March 31, 2016, Kasco Corporation reported net assets of ¥1.7 billion, total assets of ¥3.9 billion, sales of ¥4.6 billion, operating loss of ¥74.4 million and net loss of ¥148.9 million. The board of directors of Mamiya-OP Co., Ltd. resolved the transaction on August 26, 2016. Expected closing of the deal is on November 4, 2016. SMBC Nikko Securities, Inc. acted as independent third party appraiser.
Mamiya-OP Co., Ltd. (TSE:7991) cancelled the acquisition to acquire remaining 9.3% in Kasco Corporation from The Chugoku Bank, Limited (TSE:8382), The Hyakujushi Bank, Ltd. (TSE:8386), Hyakujushi Lease Co., Ltd., Mieko Ikeda and others on August 26, 2017.
Mamiya-OP Co Ltd is a Japan-based company primarily engaged in the manufacture and sale of electronic equipment and sporting goods, as well as the real estate business. The Company operates through three business segments. The Electronic Equipment segment is engaged in the development, manufacture and sale of small automatic ticket vending machines, banknote transport systems, banknote validators and autonomous driving systems, the installation and maintenance of gaming systems, and the development and maintenance of software. The Sports segment is engaged in the provision of golf-related supplies, blocking rods, arrows and bows, and vaulting poles. The Real Estate segment is engaged in buying and selling, leasing, brokerage, and management of real estate.
Mamiya-OP Co., Ltd. cancelled the acquisition to acquire remaining 9.3% in Kasco Corporation from The Chugoku Bank, Limited, The Hyakujushi Bank, Ltd., Hyakujushi Lease Co., Ltd., Mieko Ikeda and others.
MAMIYA-OP CO., LTD. 