AINAVO HOLDINGS Co.,Ltd. agreed to acquire remaining 90.46% stake in MANIX Co., Ltd from MSS Co., Ltd. and others.
August 02, 2021
Share
AINAVO HOLDINGS Co.,Ltd. (JASDAQ:7539) agreed to acquire remaining 90.46% stake in MANIX Co., Ltd from MSS Co., Ltd. and others on August 3, 2021. Under the terms Ainavo Holdings Co., Ltd will acquire 22 shares (after reverse stock split). Prior to transaction MSS Co., Ltd. holds 87.7% Ainavo Holdings Co., Ltd. holds 9.5% and Others 2.8% in MANIX Co., Ltd. Post completion Ainavo Holdings Co., Ltd will hold 100% shares. Prior to the transaction Ainavo Holdings Co., Ltd holds10,000 shares (2 shares after the reverse stock split) and post closing have 24 shares (after reverse stock split). The transaction is expected to close on October 1, 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.
AINAVO HOLDINGS CO.,LTD. 
