Premium Water Holdings,Inc. (TSE:2588) agreed to acquire an additional 23.13% stake in Last One Mile Co.,Ltd. (TSE : 9252) from Nozomi Shimizu and Akizuki Soken approximately ¥490 million on February 16, 2023. The purchase price is ¥788 per share. The board of director of Last One Mile Co.,Ltd have resolved the transaction.

The tender offer period will be until March 17, 2023. If an opinion statement the report is submitted, the tender offer period will be until April 3, 2023. The transaction is subject to approval of target board.

Miura Law Office acted as legal advisor to Premium Water Holdings,Inc.