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Article: Japan: Toppan Printing to Acquire Major Singapore Printer SNP Corporation.
- Article from:
- TendersInfo
- Article date:
- June 14, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) 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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Byline: kavita03
Toppan Printing Co., Ltd. (TSE: 7911) has decided to acquire through a takeover bid the shares of SNP Corporation Limited, a major Singapore printer which has operations in China, Singapore and Thailand. SNP's shares, including those held by Singapore's Green Dot Capital Pte Ltd (53.55% of issued shares), are to be acquired at a purchase price of 1.76SGD (approximately 136 yen) per share. With this takeover, it is predicted that SNP will become a consolidated subsidiary of Toppan Printing.
Through the integration of SNP, which has many overseas customers, Toppan Printing will accelerate business expansion in overseas markets.
Toppan Printing has ...
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