ShangHai Xiangqian Roulei Fushi Co., Ltd. agreed to acquire Okato Business Service Co., Ltd from Okato Holdings Inc. (JASDAQ:8705) for ¥8,000 on December 14, 2012. ShangHai Xiangqian Roulei Fushi Co., Ltd. will acquire 8000 shares of Okato Business Service Co., Ltd. at a price per share of ¥1. For the period ending March 2012, Okato Business Service Co., Ltd reported total assets of ¥1.4 billion, net assets of ¥51.5 million, sales of ¥0.15 million, operating loss of ¥111.95 million and net loss of ¥322.75 million. The transaction has been resolved by Board of Directors of Okato Holdings Inc. and is expected to close by the end of January 2013.
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- ShangHai Xiangqian Roulei Fushi Co., Ltd. agreed to acquire Okato Business Service Co., Ltd from Okato Holdings Inc. for ¥8,000.