Asia Growth Capital, Ltd. completed the acquisition of 4.14% stake in D Wonderland Inc.
October 21, 2013 at 12:00 am EDT
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Asia Growth Capital, Ltd. (TSE:6993) made an offer to acquire 4.14% stake in D Wonderland Inc. for ¥150 million on September 19, 2013. Asia Growth will acquire 1.5 million shares of D Wonderland Inc. at a price of ¥100 per share. Asia Growth Capital will acquire minimum of 0.49 million shares of D Wonderland Inc. The transaction was resolved by Board of Directors of Asia Growth Capital on September 19, 2013. The tender offer period will start from September 20, 2013 and close on October 21, 2013. The transaction is expected to be completed on November 5, 2013.
Asia Growth Capital, Ltd. (TSE:6993) completed the acquisition of 4.14% stake in D Wonderland Inc. on October 21, 2013.
Daikokuya Holdings Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of electrical appliances, as well as pawnshops, secondhand stores, and other businesses. The Company operates through two business segments. The Electrical Equipment segment is engaged in the manufacture and sale of products such as industrial lighting equipment, electrical construction materials, and control equipment. The Pawnshop and Secondhand Goods Trading segment is engaged in the purchase and sale pawnshop goods under the Pawnshop Business Law and secondhand brand goods (bags, watches, jewelry) under the Secondhand Articles Business Law to consumers in Japan and overseas, mainly through its branch offices. The Company also operates an investment business, a real estate leasing business, and a financial business.