Kintetsu Real Estate Co., Ltd. cancelled the acquisition of property at 2-2132-4 Saidaiji Kunimi-cho, Nara-shi from Tatsuta Electric Wire & Cable Co. Ltd. (TSE: 5809).
September 13, 2012 at 12:00 am EDT
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Kintetsu Real Estate Co., Ltd. concluded a contract to acquire property at 2-2132-4 Saidaiji Kunimi-cho, Nara-shi from Tatsuta Electric Wire & Cable Co. Ltd. (TSE: 5809) for approximately ¥250 million on September 13, 2011. The Board of Tatsuta Electric Wire & Cable Co. Ltd. passed a resolution for the transaction on September 13, 2011. The transaction is expected to be completed by September 29, 2011 and is expected to result in a gain of ¥254 million to Tatsuta Electric Wire & Cable.
Kintetsu Real Estate Co., Ltd. cancelled the acquisition of property at 2-2132-4 Saidaiji Kunimi-cho, Nara-shi from Tatsuta Electric Wire & Cable Co. Ltd. (TSE: 5809) on September 13, 2012.
TATSUTA ELECTRIC WIRE AND CABLE CO., LTD. is mainly engaged in the manufacture and sale of electric wires, cables and related products. The Company operates its business through two business segments. The Electric Wire and Cable segment includes the telecommunication wire business, which manufactures and sells wires for infrastructure and general industrial machinery, and the equipment wire business, which manufactures and sells wires for factory automation and precision industrial machinery. The Electronic Materials segment includes the functional materials business, which manufactures and sells functional materials for electronic devices, such as electromagnetic wave shielding films and conductive pastes, and the fine wire business, which manufactures and sells ultra-fine wires for wiring electronic components. Other businesses include the equipment system products business, optical components business, and environmental analysis business.
Kintetsu Real Estate Co., Ltd. cancelled the acquisition of property at 2-2132-4 Saidaiji Kunimi-cho, Nara-shi from Tatsuta Electric Wire & Cable Co. Ltd. (TSE: 5809).