Nippon Active Value Fund plc (LSE:NAVF) managed by International Fund Management Limited, Michael 1925 LLC managed by Rising Sun Management Ltd. and Hikari Acquisition K.K. made an offer to acquire 21.926625% stake in T&K Toka Co., Ltd. (TSE:4636) for ¥1300 per share on January 6, 2023. As of February 5, 2023. Mori Hamada & Matsumoto LPC acted as legal advisor to T&K Toka Co., Ltd.

Nippon Active Value Fund plc (LSE:NAVF) managed by International Fund Management Limited, Michael 1925 LLC managed by Rising Sun Management Ltd. and Hikari Acquisition K.K. cancelled the acquisition of 21.926625% stake in T&K Toka Co., Ltd. (TSE:4636) on February 24, 2023.