TIS Inc <3626.T>::TIS INC - TO BUY BACK UP TO 1.1% OF OWN SHARES WORTH 4.14 BILLION YEN THROUGH JULY 31.
May 10(Reuters) - TIS Inc <3626.T>:Says it plans to merge with wholly owned unit IT Service Force Inc..Merger effective July 1.Says the unit will be dissolved after the merger .
May 10(Reuters) - TIS Inc <3626.T>:Says Norio Maenishi will retire from chairman, effective June 26.
IT Holdings Corp:To merge with its wholly owned subsidiary, which has been engaged in the outsourcing service, software development, solution service for information investment in Tokyo, Japan.Effective July 1, 2016.After the transaction, the company will be the surviving company and the subsidiary will be dissolved.To change company name into TIS Inc, effective July 1, 2016.
IT Holdings Corp:Appoints Katsuki Kanaoka as the new Chairman of the Board in the company.Appoints Toru Kuwano as the new President of the company, to replace Katsuki Kanaoka.Effective June 24, 2016.
IT Holdings Corp:Says it expects an extraordinary profit of 16 bln yen recorded as gain on sale of securities for fiscal year ending March 2016.Says it expects an extraordinary loss of 14 bln yen recorded as an impairment loss for fiscal year ending March 2016.
AGREX INC:Says IT Holdings Corp (the acquire) acquired 4,428,606 shares of AGREX INC during the period from Oct. 31 to Dec. 15.Acquisition price at 1,430 yen per share.Settlement starts on Dec. 22.Says the acquire will hold 92.53 pct voting rights in the company up from 50.21 pct, after the transaction.Says IT Holdings Corp planned to fully acquire AGREX INC that disclosed on Oct. 30.
IT Holdings Corp:Is offering a takeover bid for 5,210,898 shares of AGREX's stock, at the price of 1,430 yen per share.To hold a 100 pct stake in AGREX (103,799 voting rights), after the acquisition of 52,108 voting rights) in AGREX.Total acquisition amount is 7,451,584,140 yen.Says the offering period from Oct. 31 to Dec. 15.
IT Holdings Corp:Says it has decided to discontinue a subsidiary's lease business.Says it will dissolve the subsidiary after selling the lease business related asset by Mar. 31, 2014.
Reuters reported that Japan Credit Rating Agency, Ltd. has affirmed the rating on IT Holdings Corp at "A-". The rating outlook is stable.