Kanemi has signed an agreement with Nagai to acquire the food manufacturing business of two of its factories located at Adachi, Tokyo, and Akita, Akita Prefecture.
Kanemi is a boxed meals, sushi, and other prepared foods producer and seller, while Nagai is a provider of harbour transport, shipping, customs clearance and warehousing services.
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Both companies involved in the transaction are based in Japan. The transaction is expected to strengthen Kanemi’s business.
Malaysian online grocery store provider Freshcart Grocer has secured $0.5m from a group of venture capital firms and private investors, including KK Fund and Cradle Fund.
Freshcart plans to use the funds to introduce a new office supplies portal called Supplycart.
Amazon has announced plans to acquire the publishing business of Westland for Rs392m ($5.94m).
An India-based subsidiary of Trent, Westland is a retailer and publisher of books.
The acquisition will enable Amazon to strengthen its presence in the books market in India.
