Tokatsu Holdings Co., Ltd. cancelled the acquisition of Yamato-Body Co., Ltd.
October 01, 2015 at 12:00 am EDT
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Tokatsu Holdings Co., Ltd. (JASDAQ:2754) agreed to acquire Yamato-Body Co., Ltd. on October 1, 2014. Tokatsu Holdings Co., Ltd. will acquire through newly created company Tokatsu Body Factory Co., Ltd. The transaction is expected to close on October 2, 2014.
Tokatsu Holdings Co., Ltd. (JASDAQ:2754) cancelled the acquisition of Yamato-Body Co., Ltd. on October 1, 2015.
TOKATSU HOLDINGS CO., LTD. is a Japan-based holding company mainly engaged in the sale of automobiles, life insurance and property insurance agency business, as well as the repair of sheet metal. The Company operates in three business segments. The New Car Sales segment is engaged in the sale of four-wheel vehicles, including ordinary vehicles and light vehicles, which are manufactured by Honda Motor Co., Ltd. The Used Car Sales segment is engaged in the purchase and sale of used cars. The Company is also engaged in the inspection and maintenance of cars, the repair of automobile sheet metals, the sale of automobile equipment, as well as the provision of car loans and automobile insurance services.