Imasen Electric Industrial Co., Ltd. cancelled the acquisition of remaining 28.6% stake in Meihoku Mitsubishi Motors Sales Co., Ltd. from Mitsubishi Motors Corporation.
August 29, 2014 at 12:00 am EDT
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Imasen Electric Industrial Co., Ltd. (TSE:7266) agreed to acquire remaining 28.6% stake in Meihoku Mitsubishi Motors Sales Co., Ltd. from Mitsubishi Motors Corporation (TSE:7211) on August 29, 2013. Upon completion, Meihoku Mitsubishi Motors will operate as a wholly owned subsidiary of Imasen Electric and change its name to Meihoku Motors Co., Ltd. The Board of Directors of Imasen Electric Industrial passed a resolution on August 29, 2013. The transaction is expected to close on October 1, 2013.
Imasen Electric Industrial Co., Ltd. (TSE:7266) cancelled the acquisition of remaining 28.6% stake in Meihoku Mitsubishi Motors Sales Co., Ltd. from Mitsubishi Motors Corporation (TSE:7211) on August 29, 2014.
Imasen Electric Industrial Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of mechanical products and electric products for automobiles, wire harnesses and assistive products. The Company operates through three business segments. The Auto Part Related segment is mainly engaged in the manufacture and sale of seat adjusters, window regulators and other automobile mechanical products, as well as lamps, electronic units, horns and other automobile electric products. The Wire Harness segment is mainly engaged in the manufacture and sale of wire harnesses for aircrafts and equipment. The Assistive Product segment is mainly engaged in the manufacture and sale of electric wheelchairs, artificial hands, artificial legs and non-powered walking support equipment. The Company is also engaged in the provision of welfare services for employees.
Imasen Electric Industrial Co., Ltd. cancelled the acquisition of remaining 28.6% stake in Meihoku Mitsubishi Motors Sales Co., Ltd. from Mitsubishi Motors Corporation.
IMASEN ELECTRIC INDUSTRIAL CO., LTD. 
