Naigai Co., Ltd. cancelled the acquisition of a stake in Sunayama Socks Co., Ltd.
August 31, 2017
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Naigai Co., Ltd. (TSE:8013) signed a contract to acquire a stake in Sunayama Socks Co., Ltd. on August 1, 2016. Share transfer date is expected to be September 1, 2016.
Naigai Co., Ltd. (TSE:8013) cancelled the acquisition of a stake in Sunayama Socks Co., Ltd. on August 1, 2017.
NAIGAI CO.,LTD. is mainly engaged in the manufacture, sale, import and export of textile products such as socks. The Company operates in two business segments. The Wholesale segment is engaged in the plan, manufacture and sale of textile products such as socks. The Company outsources socks production to subcontractors and purchased products, and also imported products from trading companies including overseas subsidiaries. In addition, it exports products to overseas. The Mail Order segment is engaged in the development of mail-order sales of textiles and leather products through television, catalogs, and the Internet. The Companyâs brands include NAIGAI COMFORT, NAIGAI PERFORMANCE, NAIGAI STYLE, NAIGAI TRADITIONAL and other.