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India

Sekisui Plastics Co Ltd (4228.T)

4228.T on Tokyo Stock Exchange

962JPY
22 Mar 2019
Change (% chg)

¥9 (+0.94%)
Prev Close
¥953
Open
¥954
Day's High
¥962
Day's Low
¥945
Volume
31,000
Avg. Vol
93,697
52-wk High
¥1,537
52-wk Low
¥810

Latest Key Developments (Source: Significant Developments)

Recticel Divests From Its Proseat Joint Venture In Two Steps
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - RECTICEL NV ::DIVESTS FROM ITS PROSEAT JOINT VENTURE IN TWO STEPS.ENTERS INTO FINAL AGREEMENTS TO ACQUIRE THE REMAINING 49% IN ITS PROSEAT JOINT VENTURE FROM ITS CANADIAN PARTNER WOODBRIDGE FOAM CORPORATION.AGREEMENT BETWEEN RECTICEL AND SEKISUI CONTAINS A CALL OPTION FOR SEKISUI PLASTICS CO., LTD. TO ACQUIRE THE REMAINING 25% IN PROSEAT FROM RECTICEL AS FROM 2019.TRANSACTION WILL HAVE NO MATERIAL EFFECT ON RECTICEL’S RESULTS.JOINT VENTURE BETWEEN SEKISUI (75%) AND RECTICEL (25%).ENTERED INTO FINAL AGREEMENTS WHEREBY IT WILL SELL 75% IN PROSEAT TO JAPANESE PUBLIC COMPANY SEKISUI PLASTICS.THE PROSEAT JOINT VENTURE HAS BEEN VALUED AT AN ENTERPRISE VALUE OF 8.4X THE AVERAGE (2016-2018F) EBITDA.BOTH TRANSACTIONS (I.E. RECTICEL/WOODBRIDGE AND RECTICEL/SEKISUI PLASTICS CO. LTD) ARE EXPECTED TO BE CLOSED IN THE COURSE OF Q1 2019.  Full Article

Sekisui Plastics Co Ltd - Unit Agrees With Recticel To Acquire 75 Percent Of Proseat Group
Wednesday, 19 Dec 2018 

Sekisui Plastics Co Ltd <4228.T>::SEKISUI PLASTICS CO LTD - UNIT AGREES WITH RECTICEL TO ACQUIRE 75 PERCENT OF PROSEAT GROUP.  Full Article

R&I affirms Sekisui Plastics rating at "BBB" and says stable outlook -R&I
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Sekisui Plastics Co Ltd <4228.T>:Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB" -R&I.Says rating outlook stable -R&I.  Full Article