BeNEXT Group Inc. entered into a merger agreement to acquire Yumeshin Holdings Co.,Ltd. for ¥60.5 billion.
On February 3, 2021, it was resolved to integrate the management of both companies. BeNEXT Group's general meeting of shareholders scheduled to be held on March 26, 2021. The Management Integration is subject to the approval at the general meeting of shareholders of both companies. The Board of both the companies unanimously approved the integration. The Board of Directors resolved the deal. The transaction is effective on April 1, 2021. TMI Associates acted as a legal adviser to BeNEXT Group and iwaida partners acted as a legal adviser to Yumeshin Holdings. SBI Securities Co., Ltd. acted as third-party appraiser for BeNEXT and Trustees Advisory Co., Ltd. acted as third-party appraiser for Yumeshin. CT Corporation acts as transfer agent for BeNEXT Group Inc.