Daito Trust Construction Co.,Ltd. completed the acquisition of INVALANCE Ltd. from Manabu Kogure and others for ?16.6 billion.
November 01, 2020
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Daito Trust Construction Co.,Ltd. (TSE:1878) agreed to acquire INVALANCE Ltd. from Manabu Kogure and others on October 19, 2020. Under the terms of transaction, Daito Trust Construction will acquire 2.732 million shares. On FY09/2019, INVALANCE reported net assets of ?5.405 billion, total assets of ?11.316 billion, net sales of ?21.045 billion, operating income of ?1.564 billion, net income of ?1.045 billion. Transaction is expected to close by November 2, 2020.
Daito Trust Construction Co.,Ltd. (TSE:1878) completed the acquisition of INVALANCE Ltd. from Manabu Kogure and others for ?16.6 billion on November 2, 2020
Daito Trust Construction Co Ltd is a Japan-based company mainly engaged in real estate-related business. The Company operates through three business segments. The Construction segment is engaged in the planning, design and construction of contracted works. The Real Estate segment is engaged in the brokerage, management and leasing of real estates, the provision of real estate information and guarantor contract business. The Financial segment is involved in the construction loan business, trust business, consulting business related to asset succession and asset management, and fire reinsurance business. It is also engaged in the sale of fuel (LP gas), operation of day service centers and childcare facilities, provision of home-visit nursing care services, sale and supply of electricity, operation of overseas hotel businesses, and the ship and print of documents.
DAITO TRUST CONSTRUCTION CO.,LTD. 
