Tokyo Tekko Co., Ltd. acquired an additional 18.7% stake in Itoh Iron & Steel Co., Ltd from existing shareholders.
April 26, 2018
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Tokyo Tekko Co., Ltd. (TSE:5445) acquired an additional 18.7% stake in Itoh Iron & Steel Co., Ltd from existing shareholders on April 27, 2018. Tokyo Tekko Co., Ltd. acquire 2.59 million shares of Itoh Iron & Steel and post completion will hold 2.89 million shares of Itoh Iron & Steel. Post transaction, Itoh Iron & Steel has become an equity method affiliate of Tokyo Tekko. the transaction is resolved by Tokyo Tekko Co., Ltd on April 27, 2018.
Tokyo Tekko Co., Ltd. (TSE:5445) completed the acquisition of an additional 18.7% stake in Itoh Iron & Steel Co., Ltd from existing shareholders on April 27, 2018.
TOKYO TEKKO CO., LTD. is mainly engaged in the steel business. The Company has two businesses. The iron and steel business is engaged in the manufacture and sale of small steel bars, mechanical joints of reinforcing bars and processed steel bars. The other business is engaged in the provision of freight transportation and equipment maintenance services, among others.