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Article: JAPANESE AUCTIONEER AUCNET TO GO PRIVATE VIA MANAGEMENT BUYOUT.
- Article from:
- AsiaPulse News
- Article date:
- May 28, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, May 28 Asia Pulse - Japanese used-car auctioneer Aucnet Inc. (TSE:9669) said Tuesday that it will conduct a management buyout to turn itself into a privately held company.
Competition is heating up as the used-car auction market grows. Aucnet wants to make major changes in its operations, including making active use of the Internet, and believes that such moves will be carried out more efficiently if the company is taken off ...