New Wave Co., Ltd. cancelled the acquisition of 25.18% stake in Seigakusya Company, Limited from Akihiro Ohta and other investors.
February 24, 2013 at 11:00 pm EST
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New Wave Co., Ltd. agreed to acquire 25.18% stake in Seigakusya Company, Limited (JASDAQ:2179) from Akihiro Ohta and other investors on February 24, 2012. New Wave Co., Ltd. will acquire 0.73 million shares. Akihiro Ohta will reduce its stake from 1.36 million shares to 0.77 million shares. New Wave Co., Ltd. resolved to acquire Seigakusya Company's shares. The purchase date is expected to be February 27, 2012. The transaction is expected to close on March 1, 2012. On February 27, 2012, the transaction was postponed from March 1, 2012 to March 2, 2012. As of February 25, 2013, the transaction is expected to close on March 1, 2013.
New Wave Co., Ltd. cancelled the acquisition of 25.18% stake in Seigakusya Company, Limited (JASDAQ:2179) from Akihiro Ohta and other investors on February 25, 2013.
SEIGAKUSHA CO., LTD. is a Japan-based company mainly engaged in the education-related business. The Company operates in three business segments. The Education-related segment provides educational guidance services in groups under the names Kaisei Education Seminar and others, for students from elementary schools, middle schools and high schools, as well as educational guidance services for individuals such as Tutorial College Free Step, for students from elementary schools, middle schools and high schools, and high school graduates, in Kinki area and Tokyo. This segment also offers home tutor and teacher dispatching services. The Real Estate Leasing segment is engaged in the leasing of real estate. The Restaurant segment operates restaurants in Osaka.
SEIGAKUSHA CO.,LTD. 
