ES-CON JAPAN Ltd. completed the acquisition of Picasso Co., Ltd., Yuuki Sangyo Co., Ltd., Venus Corporation, Cubic Co., Ltd., Santa Co., Ltd., Hirano Bussan Co., Ltd., Aria Co., Ltd., and Sakae Kaku Ltd., from Hiroaki Wakabayashi and three other individuals for ?30.5 billion.
October 28, 2021
Share
ES-CON JAPAN Ltd. (TSE:8892) entered into a contract to acquire Picasso Co., Ltd., Yuuki Sangyo Co., Ltd., Venus Corporation, Cubic Co., Ltd., Santa Co., Ltd., Hirano Bussan Co., Ltd., Aria Co., Ltd., and Sakae Kaku Ltd., from Hiroaki Wakabayashi and three other individuals for ?29.8 billion on August 31, 2021. Pursuant to the terms of the contract, Picasso Co., Ltd., Cubic Co., Ltd, and Santa Co., Ltd, will be sold by Hiroaki Wakabayashi, whereas Yuuki Sangyo Co., Ltd, Venus Corporation, Hirano Bussan Co., Ltd., Aria Co., Ltd., and Sakae Kaku Ltd, will be sold by three other individuals. ES-CON JAPAN Ltd., shall acquire 300 shares each of Picasso Co., Ltd., Yuuki Sangyo Co., Ltd., and Sakae Kaku Ltd., however, 1,800 shares of Venus Corporation, 9,000 shares each of Cubic Co., Ltd, and Santa Co., Ltd., and 10 shares each of Hirano Bussan Co., Ltd., and Aria Co., Ltd., will be acquired. The transaction was resolved upon by the Board of ES-CON JAPAN Ltd., on August 31, 2021. The share transfer execution date is expected to occur on October 29, 2021.
ES-CON JAPAN Ltd. (TSE:8892) completed the acquisition of Picasso Co., Ltd., Yuuki Sangyo Co., Ltd., Venus Corporation, Cubic Co., Ltd., Santa Co., Ltd., Hirano Bussan Co., Ltd., Aria Co., Ltd., and Sakae Kaku Ltd., from Hiroaki Wakabayashi and three other individuals for ?30.5 billion on October 29, 2021.
Es-con Japan Ltd is a Japan-based company engaged in real estate-related businesses. The Company operates three business segments. The real estate sales segment is engaged in the planning, development, and sales of its own condominiums under the Le JADE and Grand Le JADE brands, the development and operation of community-based commercial facilities under its tonarie series brand, as well as the operation of rental condominium and office development businesses and overseas investment business. The real estate leasing segment generates rental and dividend income from its portfolio of commercial facilities, commercial land, and rental condominiums. The real estate planning, brokerage and consulting segment provides real estate-related contracting services, brokerage services, and sales agency services.
ES-CON JAPAN Ltd. completed the acquisition of Picasso Co., Ltd., Yuuki Sangyo Co., Ltd., Venus Corporation, Cubic Co., Ltd., Santa Co., Ltd., Hirano Bussan Co., Ltd., Aria Co., Ltd., and Sakae Kaku Ltd., from Hiroaki Wakabayashi and three other individuals for ?30.5 billion.
ES-CON JAPAN LTD. 
