Tea Life Co., Ltd. agreed to acquire Fukuroi-Based Warehouse from Yoshicon Co.,Ltd. for ¥1.2 billion.
January 15, 2015 at 11:00 pm EST
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Tea Life Co., Ltd. (TSE:3172) agreed to acquire Fukuroi-Based Warehouse from Yoshicon Co.,Ltd. (JASDAQ:5280) for ¥1.2 billion on January 16, 2015. The transaction is expected to be closed by March 31, 2015.
Yoshicon Co Ltd is a Japan-based company mainly engaged in the real estate business. The Company has four business segments. The Residence segment is engaged in the planning and sale of condominiums and single family houses. The Real Estate Development segment is engaged in the planning, development, sale, brokerage and construction of real estate such as condominiums, houses, commercial and industrial facilities. The Rental and Management segment is engaged in the rental of condominiums, commercial and industrial facilities and parking lots, the management, design and construction of condominiums, as well as the power sales business. The Materials segment is engaged in the manufacture and sale of concrete products for construction, precast concrete (PC) components for houses, as well as the civil engineering and construction business. The Company is also engaged in the beverage manufacturing business, food business, clothing sales business, advertising and insurance agency business.
YOSHICON CO.,LTD. 
