Daisuke Hirano made a tender offer to acquire additional 79.8% in Mystar Engineering Corp. (TSE:4695) from Daisuke Hirano and others in a management buyout transaction for ¥5.9 billion on November 8, 2019. Daisuke Hirano made an offer to acquire 6.3 million shares at ¥940 per share. As per the amendment filed on November 28, 2019, the offer price was revised to ¥1150 per share, thus increasing the settlement consideration to ¥7.2 billion. Daisuke Hirano currently directly holds 4,300 shares in Mystar Engineering Corp. which will also be tendered in the process. Daisuke Hirano will continue to manage Mystar Engineering Corp. after transaction. Daisuke Hirano will purchase minimum 3.7 million shares. The Board of Directors of Mystar Engineering Corp. resolved to approve the tender offer and encouraged shareholders to apply for the offer in meeting on November 8, 2019. The tender offer will run from November 11, 2019 to December 20, 2019. Mizuho Securities Co., Ltd. acted as tender offer agent, Trustees Advisory Co., Ltd. acted as third-party valuation institution and TMI Associates acted as legal advisor for Mystar Engineering Corp.