Nexta Co., Ltd. and three other parties entered into an agreement to acquire 38.7% stake in General Oyster, Inc. from Tryfunds Investment Fund L.P. managed by Tryfunds Investment Co., Ltd. for approximately ¥920 million.
March 23, 2021
Share
Nexta Co., Ltd. and three other parties entered into an agreement to acquire 38.7% stake in General Oyster, Inc. (TSE:3224) from Tryfunds Investment Fund L.P. managed by Tryfunds Investment Co., Ltd. for approximately ¥920 million on March 24, 2021. Under the terms, Tryfunds Investment will transfer 1,154,500 shares of General Oyster at ¥800 per share. Nexta Co., Ltd. will acquire 738,955 shares of General Oyster. Post completion, Nexta Co., Ltd. will be the major shareholder of General Oyster holding 25.21% of voting rights and Tryfunds Investment will not hold any stake and no longer a shareholder of General Oyster. The Board of Directors of General Oyster agreed to this transaction and resolved to conclude a capital alliance agreement with Nexta Co., Ltd. The transaction is expected to close on March 29, 2021.
General Oyster,Inc., formerly HUMANWEB,Inc. is a Japan-based company primarily engaged in the directly operated stores business and the oyster wholesale business. The Company operates in two segments. The Directly Operated Stores segment is engaged in the operation of the restaurants (Oyster Bar) focusing on the cooking of oysters. The Oyster Wholesale segment is engaged in the sale of oysters with shells to the general food retailers.
Nexta Co., Ltd. and three other parties entered into an agreement to acquire 38.7% stake in General Oyster, Inc. from Tryfunds Investment Fund L.P. managed by Tryfunds Investment Co., Ltd. for approximately ¥920 million.