Nippon Dry-Chemical Co., Ltd. entered into a contract to acquire Shiheung Metal Co., Ltd. from Myung Ku Choi , Gyong Sik Song, and Yushin Precision Industrial Co., Ltd. for ¥458 million.
October 23, 2017
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Nippon Dry-Chemical Co., Ltd. (TSE:1909) entered into a contract to acquire Shiheung Metal Co., Ltd. from Myung Ku Choi , Gyong Sik Song, and Yushin Precision Industrial Co., Ltd. for ¥458 million on October 24, 2017. Under the terms of the transaction, Nippon Dry-Chemical Co., Ltd. will acquire 0.09 million of Yushin Precision Industrial Co., Ltd. For the year ended December 31, 2016, Shiheung Metal Co., Ltd. reported total assets of ¥710.2 million, net assets of ¥167.4 million, sales of ¥582.4 million, operating profit of ¥41.8 million, and net profit of ¥39.9 million. The transaction was resolved by the board of directors of Nippon Dry-Chemical Co., Ltd. The transaction is expected to close on November 2, 2017.
Nippon Dry-Chemical CO., LTD. is engaged in the fire prevention business. The Company consists of four business segments. The Fire Prevention Equipment segment is engaged in the design and construction of fire prevention equipment for buildings, plants and vessels. It also manufactures various containers for fire prevention equipment. The Maintenance segment provides maintenance, inspection, repair and alteration work for various fire prevention equipment. The Products segment manufactures fire extinguishers, purchases a range of supplies, and sells through sales agents. The Vehicles segment manufactures customized fire trucks, and sells primarily to local governments.
Nippon Dry-Chemical Co., Ltd. entered into a contract to acquire Shiheung Metal Co., Ltd. from Myung Ku Choi , Gyong Sik Song, and Yushin Precision Industrial Co., Ltd. for ¥458 million.
NIPPON DRY-CHEMICAL CO., LTD. 
