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JK Holdings extends gains on subsidiary acquisition of Chofu Housing
JK Holdings Co.,Ltd. <9896> continued to rise. The company announced on the day that it will acquire all shares of Chofu Housing (Chofu City, Tokyo), a processor and distributor of sashes and glass, on May 1st to make it a subsidiary, which was viewed as positive news.
The subsidiary acquisition aims to expand the business foundation in the Tama area and provide further services through group synergies. The acquisition price was not disclosed. The company stated that the impact on its financial results will be minimal.
Source: MINKABU PRESS
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