JAPAN MATERIAL Co., Ltd. completed the acquisition of 51% stake in Aldon Technologies Services Pte Ltd from Ang Swee Meng and Koh Yong Meng.
January 13, 2015 at 11:00 pm EST
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JAPAN MATERIAL Co., Ltd. (TSE:6055) signed a contract to acquire 51% stake in Aldon Technologies Services Pte Ltd from Ang Swee Meng and Koh Yong Meng for SGD 9.2 million on December 12, 2014. JAPAN MATERIAL Co., Ltd. will acquire 0.17 million shares. In a related transaction, JAPAN MATERIAL Co., Ltd. (TSE:6055) also agreed to acquire 51% stake in ADCT Technologies Pte Ltd. During the period ended December 2013, Aldon Technologies Services Pte Ltd had net assets of SGD 4.69 million, total assets of SGD 9.99 million, sales of SGD 12.52 million, and net income of SGD 0.80 million. JAPAN MATERIAL Co., Ltd. made a resolution in favor of the transaction on December 12, 2014. The deal is expected to close on January 9, 2015. Dream Incubator Inc. acted as financial advisor for JAPAN MATERIAL Co., Ltd.
JAPAN MATERIAL Co., Ltd. (TSE:6055) completed the acquisition of 51% stake in Aldon Technologies Services Pte Ltd from Ang Swee Meng and Koh Yong Meng on January 14, 2015.
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. 
