Inactive Instrument

Japan Asia Group Limited

3751

JP3385840008

Japan Asia : In reversal, Murakami-linked fund restarts bid for Japan Asia Group

March 17, 2021 at 08:33 pm EDT

TOKYO, March 18 (Reuters) - A Japanese fund backed by veteran activist investor Yoshiaki Murakami reversed course and said it would begin a tender offer bid for Japan Asia Group (JAG), the company said on Thursday.

The fund, City Index Eleventh, had said on March 3 that it was withdrawing its bid after JAG refused to cooperate with its efforts to carry out due diligence and announced a large, special dividend. (Reporting by Chang-Ran Kim Editing by Shri Navaratnam)

Latest news about Japan Asia Group Limited

Geo Holdings, L.P. and Green Holdings, L.P. completed the acquisition of 100% of stake in Kokusai Kogyo Co., Ltd. and 65% of stake in JAG Energy Co., Ltd. from Japan Asia Group Limited.	21-09-06	CI
Uni Asia : Forms Investment Fund for Development of Group Homes in Japan	21-09-01	MT
Geo Holdings, L.P. and Green Holdings, L.P. agreed to acquire 100% of stake in Kokusai Kogyo Co., Ltd. and 65% of stake in JAG Energy Co., Ltd.	21-08-01	CI
Japan Asia : Veteran activist Murakami gains majority in Japan Asia Group	21-07-31	RE
City Index Eleventh Co., Ltd. completed the acquisition of 43.65 take in Japan Asia Group Limited for ¥11.6 billion.	21-07-29	CI
Asia's LNG imports stay robust, justifying strong spot prices: Russell	21-05-24	RE
Hermes International : Hermès Q1 Revenue Surges 44% on Boost from Japan, Asia	21-04-22	MT
Microsoft : Stocks firm near record as easing U.S. inflation fears lift Wall Street	21-04-09	RE
Japan Asia : Activist fund claims small legal win against Japan Asia Group	21-04-02	RE
Asian shares rebound, U.S.-China tensions overshadow economic optimism	21-03-26	RE
Japan Asia : to issue new shares to dilute stake held by Murakami-backed fund	21-03-22	RE
Japan Asia : Murakami-backed fund boosts Japan Asia Group stake before second bid	21-03-19	RE
Japan Asia : In reversal, Murakami-linked fund restarts bid for Japan Asia Group	21-03-17	RE
Japan Asia : In reversal, Murakami-linked fund restarts bid for Japan Asia Group	21-03-17	RE
City Index Eleventh Co., Ltd. made an offer to acquire remaining 68.9% stake in Japan Asia Group Limited for ¥17.2 billion.	21-03-17	CI
Japan Asia : Murakami-linked fund backs out of bid for Japan Asia Group	21-03-03	RE
Japan Asia : Murakami-linked fund backs out of bid for Japan Asia Group	21-03-03	RE
City Index Eleventh Co., Ltd. cancelled the acquisition of remaining 79.5% stake in Japan Asia Group Limited.	21-02-18	CI
Japan Asia : Carlyle withdraws bid for Japan Asia Group	21-02-10	RE
Lyft : Asian stocks hit record high, as earnings, stimulus boost recovery hopes	21-02-09	RE
CJIP IV Co-Investment, L.P., CJP IV Co-Investment, L.P., Carlyle Japan Partners IV, L.P., Carlyle Japan International Partners IV, L.P., Carlyle Japan International Partners IV - Eu, S.C.Sp., funds managed by The Carlyle Group Inc. (NasdaqGS:CG) completed the acquisition of 37.9% stake in Japan Asia Group Limited from Japan Asia Holdings Limited, Tetsuo Yamashita, Ja Partners Ltd., Aizawa Securities and others for ¥12.5 billion.	21-02-08	CI
Carlyle Japan Partners IV, L.P., Carlyle Japan International Partners IV, L.P., CJP IV Co-Investment, L.P., CJIP IV Co-Investment, L.P. and Carlyle Japan International Partners IV - Eu, S.C.Sp. managed by The Carlyle Group Inc. (NasdaqGS:CG) cancelled the acquisition of 97.5% stake in Kokusai Kogyo Co., Ltd. and 95% stake in JAG Energy Co., Ltd. from Japan Asia Group Limited.	21-02-08	CI
Japanese shares rally on upbeat earnings, U.S. stimulus hopes	21-02-05	RE
Japanese shares rise on upbeat corporate earnings, U.S. stimulus	21-02-04	RE
Amazon com : Asian shares slip, Microsoft's brisk earnings boost tech sector	21-01-26	RE

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Japan Asia Group Limited is a Japan-based holding company mainly engaged in the space information consulting, green energy, financial service business. The Company operates in three business segments. The Space Information Consulting segment is engaged in the energy, disaster prevention and environmental conservation, administrative management, social infrastructure related business. The Green Energy segment is engaged in the development, operation and management of solar power generation facilities, power distribution business, real estate rental, asset management, property management, real estate related solutions, detached housing business. The Financial Service segment is engaged in the investment consulting and other financial businesses. The Company also engages in the insurance agency business.

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