Taiyo Koko Co. Ltd made an offer to acquire remaining 68.65092% stake in Toho Kinzoku Co., Ltd. (TSE:5781) for ¥3 billion on January 25, 2024. As per the transaction, Taiyo Koko Co.

Ltd will acquire 1.59 million shares at ¥1885 per share. Taiyo Koko Co. Ltd will borrow funds from Sumitomo Mitsui Banking to finance the settlement.

SMBC Nikko Securities Inc. acted as financial advisor and Oh-Ebashi LPC & Partners acted as legal advisor to Taiyo Koko Co. Ltd, Mizuho Securities Co., Ltd. acted as financial advisor and TMI Sogo Law Offices acted as legal advisor to Toho Kinzoku Co