| Deal Description | C. Itoh & Co., Ltd., added the net proceeds from this transaction to its general funds. Management intended to allocate a portion of the proceeds to the proposed establishment at 15 locations in Japan of processing and distribution centers to expedite the handling of metals, lumber, and food products. The proceeds were also available for investment in subsidiaries, affiliates, and joint ventures in Japan and abroad, particularly for projects relating to the development of natural resource raw materials for use by Japanese industry. In addition, the company allocated funds to the expansion of its land development, housing, and construction activities. |
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