JAPAN MATERIAL Co., Ltd. and Aldon Technologies Services Pte Ltd completed the acquisition of 70% stake in Gbs Pte. Ltd. from Pang Chan Yew, Derrick and Bock Chak Boon.
August 03, 2023
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JAPAN MATERIAL Co., Ltd. (TSE:6055) and Aldon Technologies Services Pte Ltd agreed to acquire 70% stake in Gbs (singapore) Pte. Ltd. from Pang Chan Yew, Derrick and Bock Chak Boon for $17.15 million on July 21, 2023. The transaction is expected to be completed in August 2023.
JAPAN MATERIAL Co., Ltd. (TSE:6055) and Aldon Technologies Services Pte Ltd completed the acquisition of 70% stake in Gbs (singapore) Pte. Ltd. from Pang Chan Yew, Derrick and Bock Chak Boon on August 4, 2023.
Japan Material Co Ltd is a Japan-based company mainly engaged in the electronics-related business, graphics solution business and solar power generation business. The Company operates in three business segments. The Electronics-related segment is mainly engaged in the manufacture of special gas supply equipment, design and construction of supply piping, sale management of special gas, as well as the provision of technical services. The Graphics Solution segment is mainly engaged in the sale of graphic boards and digital signage related products. The Solar Power Generation segment is engaged in the sale of electricity to electric power companies by solar power generation.
JAPAN MATERIAL Co., Ltd. and Aldon Technologies Services Pte Ltd completed the acquisition of 70% stake in Gbs Pte. Ltd. from Pang Chan Yew, Derrick and Bock Chak Boon.