Okamura Corporation acquired remaining 30% stake in Db & B Holdings Pte Ltd. from Siew Kim Leng, Siew Sock Kuan, Cheng Kok Boon Paul, Ma.Rosario R.Gomez and Maria Rosario S.Panlilio for ¥6.1 billion.
Published on 07/16/2024 at 18:00
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Okamura Corporation (TSE:7994) acquired remaining 30% stake in Db & B Holdings Pte Ltd. from Siew Kim Leng, Siew Sock Kuan, Cheng Kok Boon Paul, Ma.Rosario R.Gomez and Maria Rosario S.Panlilio for ¥6.1 billion on July 16, 2024. A cash consideration of ¥6.07 billion will be paid by Okamura Corporation. As part of consideration, ¥6.07 billion is paid towards common equity of Db & B Holdings Pte Ltd.
Okamura Corporation (TSE:7994) completed the acquisition of remaining 30% stake in Db & B Holdings Pte Ltd. from Siew Kim Leng, Siew Sock Kuan, Cheng Kok Boon Paul, Ma.Rosario R.Gomez and Maria Rosario S.Panlilio on July 16, 2024.
OKAMURA CORPORATION is a company mainly engaged in the manufacture and sale of office environmental equipment and commercial environmental equipment. The Company operates in two business segments. The Office Environmental segment is engaged in the manufacture and sale of office furniture, communal facility furniture, security products and health care products, among others. The Commercial Environmental segment is engaged in the manufacture and sale of store shelves, freezer showcases, refrigerated showcases and store counters. The Company is also engaged in the manufacture and sale of logistics equipment, such as storage racks for factories and warehouses, logistics automatic equipment and facilities.
Okamura Corporation acquired remaining 30% stake in Db & B Holdings Pte Ltd. from Siew Kim Leng, Siew Sock Kuan, Cheng Kok Boon Paul, Ma.Rosario R.Gomez and Maria Rosario S.Panlilio for ¥6.1 billion.
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