Shinkichi Suzuki, President of Kawakin Holdings Co., Ltd. made an offer to acquire Kawakin Holdings Co., Ltd. (TSE:5614) from Shinkichi Suzuki and others in a management buyout transaction for ¥7.7 billion on September 30, 2020. The purchase price is ¥388 per common share. Shinkichi Suzuki will continue to manage Shinkichi Suzuki after transaction. The minimum number of shares to be tendered is 13.2 million and maximum number is 19.8 million. Kawakin Holdings Co., Ltd. hold treasury shares of 0.18 million. Shinkichi Suzuki owns 957,535 shares which will also be tendered in the process. Shinkichi Suzuki borrowed from Mizuho Bank, Ltd. a maximum of ¥17.8 billion for the funds required to settle the Tender Offer. The transaction has been approved by the board of Kawakin Holdings Co., Ltd and they encouraged shareholders to apply for the offer. The offer period will start from October 1, 2020 and end on November 12, 2020. As November 2, 2020, the tender offer period will be extended to November 17, 2020. The transaction settlement date is expected to be November 19, 2020. On November 2, 2020, transaction settlement date corrected to November 25, 2020. YAMADA Business Consulting Co.,Ltd. acted as financial advisor and Sakura Kyodo Law Offices as legal advisor to Kawakin Holdings Co., Ltd. Mizuho Securities Co., Ltd. acted as tender offer agent. Shinkichi Suzuki, President of Kawakin Holdings Co., Ltd. completed the acquisition of 73.14% stake in Kawakin Holdings Co., Ltd. (TSE:5614) from Shinkichi Suzuki and others in a management buyout transaction for ¥5.6 billion on November 17, 2020.