Rays Company Limited completed the acquisition of 64.21% stake in Raysum Co., Ltd. from Takeshi Tanaka.
November 03, 2022
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Rays Company (HongKong) Limited entered into an tender agreement to acquire 64.21% stake in Raysum Co., Ltd. (TSE:8890) from Takeshi Tanaka for ¥31.2 billion on September 20, 2022. As per the terms, The offer price is ¥1700 per share. The minimum and maximum shares to be purchased are limited to 18,364,300. Funds managed by Oasis Management will provide all funding for the Tender Offer. Specifically, Oasis Investments II Master Fund Ltd. and Oasis Japan Strategic Fund Ltd, both funds managed by Oasis Management, will invest the capital required for the Tender Offer in the Tender Offeror's parent company, RS Company Ltd. RS Company Ltd. plans to then lend the funds to the Tender Offeror. The Tender Offeror plans to use these funds to fund the Tender Offer. The offer period will be open on September 21, 2022, and will close on November 4, 2022. Nishimura & Asahi acted as a legal advisor to Raysum Co., Ltd.. MITA SECURITIES acted as a financial advisor to Takeshi Tanaka. Mita Securities Co., Ltd. acted as a tender offer agent.
Rays Company (HongKong) Limited completed the acquisition of 64.21% stake in Raysum Co., Ltd. (TSE:8890) from Takeshi Tanaka on November 4, 2022.
Raysum Co., Ltd. is a Japan-based company mainly engaged in the asset management, property management and other businesses. The Company operates through three business segments. Asset Management segment is engaged in the procurement of profitable real estate, and composition and sales of investment products. Its investment products include commerce, offices, condominiums, accommodation facilities, educational facilities, medical facilities and others. Property Management segment is engaged in the provision of building leasing and management services. Other segment is engaged in the operation of golf courses, hotels and stores, the production and sale of gas engine generators, the provision of open and support services.
RAYSUM CO., LTD. 