Korea Advanced Materials (KOSDAQ:062970) plans to wholly acquire Live Connection by purchasing shares worth 3.40 billion won in the firm, according to a Thursday filing with the Korea Exchange.
The company will acquire a total of 640,000 shares of Live Connection on June 11.
The advanced materials manufacturer plans to boost its sales volume and pursue new businesses through the acquisition, according to the filing.
Shares of Korea Advanced Materials added nearly 3% in recent trade.
Edion (TYO:2730) clarified that a Nikkei newspaper report about a business integration with Yamada (TYO:9831) was not based on any company announcement.While the electronics retailer acknowledged that it is considering a potential merger with Yamada, no definitive decision has been reached at this stage, according to a Tokyo bourse filing on Thursday.The matter is scheduled for review at a board of directors meeting tomorrow, and any material developments will be disclosed promptly.
KeePer Technical Laboratory's (TYO:6036) total sales surged 51% year-on-year to 1.43 billion yen in May, according to a Wednesday filing on the Tokyo Stock Exchange.Sales at 144 directly operated stores jumped 49% year-on-year, while sales at 132 existing stores increased by 43%, and net sales from franchise stores soared 136% year on year.During the month, the total number of stores, including franchises, reached 178.
Link and Motivation (TYO:2170) has received notification that TOKIO and YUUKI plan to purchase shares from existing shareholder Phoenix Co.Each acquiring firm will purchase 9.55 million shares, giving them each an 8.62% stake, according to a Tokyo bourse filing on Wednesday.The transaction qualifies as a tender offer under Japan's Financial Instruments and Exchange Act, the comany said.Both TOKIO and YUUKI intend to hold their stakes long-term as stable investors, the company noted.