Hashimoto Sogyo Holdings Co., Ltd. cancelled the acquisition of Daiwa Co., Ltd. and Mori Koukan, Ltd. from Tsutomu Mukai and Toshihiro Mori.
July 27, 2017
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Hashimoto Sogyo Holdings Co., Ltd. (TSE:7570) signed a basic agreement to acquire Daiwa Co., Ltd. and Mori Koukan, Ltd. from Tsutomu Mukai and Toshihiro Mori on July 28, 2016. Hashimoto will acquire Daiwa from Tsutomu Mukai, and will acquire Mori Koukan from Toshihiro Mori. Share transfer contracts are expected to complete in August 2016. On completion, Daiwa and Mori Koukan will become subsidiaries of Hashimoto. The deal was resolved by the Board of Directors on July 28, 2016. The deals are expected to close by October 1, 2016. The deals are now expected to close by October 3, 2016.
Hashimoto Sogyo Holdings Co., Ltd. (TSE:7570) cancelled the acquisition of Daiwa Co., Ltd. and Mori Koukan, Ltd. from Tsutomu Mukai and Toshihiro Mori on July 28, 2017.
HASHIMOTO SOGYO HOLDINGS CO.,LTD., formerly HASHIMOTO SOGYO CO., LTD. is a Japan-based company engaged in the purchase and sale of piping equipment, sanitary ceramics, residential facility machinery, air conditioning units and others. The Company operates in four business divisions. The Piping Materials division offers pipes, such as steel pipes and stainless pipes; valves, including butterfly valves and safety valves; joints, such as drainage joints and pipe joints; chemical products, such as vinyl chloride pipes and polyurethane pipes, as well as instruments, such as machine tools and electric tools. The Sanitary Ceramic and Fittings division offers washbasins, lavatory basins and shower fittings. The Housing Facilities and Equipment division offers boilers, bathtub water heaters and kitchen systems. The Ventilators and Pumps division offers air conditioners and pumps.
HASHIMOTO SOGYO HOLDINGS CO.,LTD. 
