Asia Growth Capital, Ltd. completed the acquisition of additional 28.74% stake in D Wonderland Inc. for ¥1 billion.
July 01, 2014 at 12:00 am EDT
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Asia Growth Capital, Ltd. (TSE:6993) made an offer to acquire additional 57.21% stake in D Wonderland Inc. for ¥2.1 billion on May 15, 2014. Under the terms of the deal, 20.7 million shares will be acquired at an offer per share of ¥100. After the transaction, Asia Growth Capital will increase the stake in D Wonderland to 61.35%. The offer period is May 16, 2014 to July 1, 2014. The transaction was resolved by the Board of Directors of Asia Growth Capital on May 15, 2014. The start date of settlement for the transaction is July 18, 2014. The tender offer has ended on July 1, 2014. As of July 1, 2014, 10.41 million shares were acquired.
Asia Growth Capital, Ltd. (TSE:6993) completed the acquisition of additional 28.74% stake in D Wonderland Inc. for ¥1 billion on July 1, 2014. Mita Securities Co., Ltd. acted as financial advisor for Asia Growth Capital.
Daikokuya Holdings Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of electrical appliances, as well as pawnshops, secondhand stores, and other businesses. The Company operates through two business segments. The Electrical Equipment segment is engaged in the manufacture and sale of products such as industrial lighting equipment, electrical construction materials, and control equipment. The Pawnshop and Secondhand Goods Trading segment is engaged in the purchase and sale pawnshop goods under the Pawnshop Business Law and secondhand brand goods (bags, watches, jewelry) under the Secondhand Articles Business Law to consumers in Japan and overseas, mainly through its branch offices. The Company also operates an investment business, a real estate leasing business, and a financial business.
DAIKOKUYA HOLDINGS CO.,LTD. 
