The Shibusawa Warehouse Co., Ltd. acquired an additional 39% stake in Shibusawa Logistics Vietnam Co., Ltd. from Tran Logistics And Transportation Joint Stock Company.
October 01, 2020
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The Shibusawa Warehouse Co., Ltd. (TSE:9304) acquired an additional 39% stake in Shibusawa Logistics Vietnam Co., Ltd. from Tran Logistics And Transportation Joint Stock Company on September 22, 2020. As a result of the transaction, The Shibusawa Warehouse Co., Ltd. is increasing its stake from 51% to 90% in Shibusawa Logistics Vietnam Co., Ltd. whereas stake of Tran Logistics And Transportation Joint Stock Company will reduce to 10%.
The Shibusawa Warehouse Co., Ltd. (TSE:9304) completed the acquisition of an additional 39% stake in Shibusawa Logistics Vietnam Co., Ltd. from Tran Logistics And Transportation Joint Stock Company on September 22, 2020.
The Shibusawa Warehouse Co., Ltd. is a Japan-based company mainly engaged in the operation of logistics and real estate business. The Company operates in two business segments. The Logistics segment is involved in the provision of warehouse storage and cargo handling operations, such as warehouse storage, warehouse loading and unloading of deposited cargo, and associated cargo handling such as distribution processing; port transport business for inboard cargo handling, coastal cargo handling, barge transport, shed storage, and associated cargo handling in ports; land transportation business that provides services such as lorry transportation and moving; international integrated transportation business, international air cargo transportation business and international transportation business for handling cargo; and logistics facility leasing, marine transportation and transportation business. The Real Estate segment is engaged in the leasing and management of office buildings.
The Shibusawa Warehouse Co., Ltd. acquired an additional 39% stake in Shibusawa Logistics Vietnam Co., Ltd. from Tran Logistics And Transportation Joint Stock Company.