MG Home Co., Ltd. agreed to acquire Taki House, K.K. from Takeshi Okuyama and others for approximately ¥800 million.
June 16, 2020
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MG Home Co., Ltd. (TSE:8891) signed a contract to acquire Taki House, K.K. from Takeshi Okuyama and others for ¥800 million on June 17, 2020. Under the transaction, Takeshi Okuyama will sell 98% stake in Taki House, K.K. Post completion, Taki House, K.K. will operate as a subsidiary of MG Home Co., Ltd. For the year ending December 31, 2019, Taki House, K.K. reported net assets of ¥895 million, total assets of ¥5.2 billion, sales of ¥5 billion, operating income of ¥126 million and net income of ¥53 million. The transaction is subject to approval by the Fair Trade Commission and is expected to complete in July 2020. MG Home Co., Ltd. will pay an advisory fee of ¥98 million.
AMG Holdings Co Ltd is a Japan-based company engaged in apartment sales business, custom-made building business, real estate management business and real estate leasing business. The Company operates in four business segments. The Apartment Sales segment is engaged in the sale of newly built apartment series More Grace for families in the Tokai area. The Custom-made Building segment provides unique custom houses and store construction based on the concept of houses to build with architects. The Real Estate Leasing segment is engaged in the leasing of apartments in Nagoya City, Aichi Prefecture and Gifu City, Gifu Prefecture. This segment is centered on Nagoya City and Gifu City. The Real Estate Management segment is engaged in the management of new apartments series More Grace and other real estate.
AMG HOLDINGS CO.,LTD. 