Sogo Seikatsu Service Co., Ltd. made an offer to acquire a 24.6% stake in NFC Holdings, Inc. (JASDAQ:7169) from SBI Ventures Two Co., Ltd., SBI Holdings, Inc. (TSE:8473) and others for ¥7.8 billion on August 20, 2021. Under the terms of transactions, Sogo Seikatsu Service Co., Ltd. will acquire 2.7 million shares from SBI Ventures Two Co., Ltd. and 1.1 million shares from SBI Holdings, Inc. for ¥1750 per share. As per transaction minimum shares to be acquired is 3.8 million. The expected closing date for the offer is September 17, 2021. Shin Saiwai Law Office acted as legal advisor to NFC Holdings and Hikari Tsushin in the deal.

Sogo Seikatsu Service Co., Ltd. completed the acquisition of a 21.6% stake in NFC Holdings, Inc. (JASDAQ:7169) from SBI Ventures Two Co., Ltd., SBI Holdings, Inc. (TSE:8473) and others for ¥6.9 billion on September 17, 2021. As of September 17, 2021, Offeror received an acceptance with respect to 3.915001 million shares in NFC.