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May 9, 2008 |
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To: Parties concerned |
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Corporate Name: I-NET CORP.
Representative: President Shigemasa Kajimoto
(Code No. 9600 Tokyo Stock Exchange 1st Section)
Contact: Managing Director, Administration Department Fumiaki Igarashi
Phone #:+81-(0)45-682-0805
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Notification of acquisition of fixed assets
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I-NET CORP. hereby announces the resolution of the Meeting of the Board of Directors held on this day concerning the acquisition of fixed assets as detailed below. |
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1. Reason for the acquisition |
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Although the company has, to date, consistently provided various IT outsourcing services centered in its data center facilities, the decision has been taken at this point to construct a new data center in order to accommodate increasing demand. |
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2. Description of assets to be acquired |
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Description of assets |
Acquisition price |
Data center complete with all
supplemental facilities.
(Initial stage construction)
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Approximately ¥3.4 billion |
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3. Overview of acquisition target |
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Trade Name |
Taisei Corporation |
Headquarters |
1-25-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo |
Representative |
President and CEOTakashi Yamauchi |
Capital |
¥112,448 million |
Main business |
Construction, development and other activities. |
Relationship with
I-NET CORP.
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There are no applicable existing capital, personnel or transaction relations. |
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4. Acquisition schedule
May 9, 2008: the Resolution of the Meeting of the Board of Directors
At the end of May, 2008: Signing of the construction contract agreement (anticipated)
May, 2009: Delivery of the property (anticipated)
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5. Outlook for the future
This transaction will have no effect on performance in the term ending March 2009.
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