AINAVO HOLDINGS Co.,Ltd. agreed to acquire 14.3% stake in MIC Co., Ltd.
April 01, 2021
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AINAVO HOLDINGS Co.,Ltd. (JASDAQ:7539) agreed to acquire 14.3% stake in MIC Co., Ltd. on April 2, 2021, MIC Co., Ltd. reported total assets of ¥1.24 billion as of December 31, 2020. The transaction is expected to close on April 2, 2021.
AINAVO HOLDINGS Co., Ltd., is a Japan-based company involved in the large-sized property business and the detached house business. The Company operates in two business segments. The Detached House segment is engaged in the sale and construction of various tile products such as interior and exterior tiles, floor tiles, exteriors and other related products, and housing related products such as bathtubs, water heaters, system kitchens, sanitary equipment, solar power generation systems and other products. The Large-sized Property segment is engaged in the interior tile, exterior tile and floor tile construction works, the housing equipment construction works such as unit baths, system kitchens, bathtubs and others, the large ceramic tile works made of stones and dry methods, and the air conditioning and sanitary equipment works.