An unknown domestic general corporation cancelled the acquisition of transport equipment business from Chugokukogyo Co.,Ltd..
August 18, 2016
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An unknown domestic general corporation agreed to acquire transport equipment business from Chugokukogyo Co.,Ltd. (TSE:5974) for ¥90 million in cash on August 19, 2015. As of March 31, 2015, transport equipment business reported sales of ¥235 million. The transaction has been resolved by Board of Directors of Chugokukogyo Co.,Ltd. Contract conclusion is expected to be on August 20, 2015. The transaction is expected to be closed by September 1, 2015.
An unknown domestic general corporation cancelled the acquisition of transport equipment business from Chugokukogyo Co.,Ltd. (TSE:5974) on August 19, 2016.
CHUGOKUKOGYO CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of high-pressure gas containers, liquefied petroleum (LP) gas storage tanks and equipment, steel structure equipment products and facility equipment products. The Company operates through four business segments. The High-Pressure Equipment segment manufactures and sells high-pressure gas containers, LP gas equipment, LP gas storage tanks and other high-pressure gas storage tanks, as well as designs and constructs high-pressure gas-related equipment. The Steel Structure Equipment segment manufactures and sells inner covers and other various steel structure products for steel manufacturers. The Facility Equipment segment manufactures and sells feed tanks and containers, wastewater treatment equipment, livestock machinery, chemical tanks, deodorizers and various other reinforced plastic (FRP) products. The Transportation segment includes general area freight forwarding, moving and warehousing.