Usami Koyu Corp. completed the acquisition of 47.65% stake in Goodspeed Co.,Ltd. from Hisanori Kato, Anela Co., Ltd and others for ¥1.3 billion.
May 22, 2024
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Usami Koyu Corp. made an offer to acquire 99.99% Goodspeed Co.,Ltd. (TSE:7676) from Hisanori Kato, Anela Co., Ltd and others for ¥2.7 billion on March 1, 2024. Under the terms of agreement, Usami Koyu will acquire 2,901,048 shares in first tender offer at ¥722 per share totalling ¥2.095 billion. The transaction was approved by board of Goodspeed on February 29, 2024. The tender offer period will be open for April 11, 2024 to May 13, 2024. As of April 24, 2024, Usami Koyu planned to purchase maximum 3.800948 million shares and minimum of 911,200 shares after correction.
Usami Koyu Corp. completed the acquisition of 47.65% stake in Goodspeed Co.,Ltd. (TSE:7676) from Hisanori Kato, Anela Co., Ltd and others for ¥1.3 billion on May 23, 2024. Settlement Commencement will be on May 30, 2024.
Good Speed Co Ltd is a Japan-based company principally involved in the sale of used cars and motorcycles, automobile sales, and related businesses. The Company provides used car sales, car purchasing, maintenance and body repair, insurance agency, rental car, and gas station services. The used car sales business operates MEGA specialty stores for used cars, domestic car specialty stores, and imported car specialty stores. The car acquisition business acquires cars through batch acquisition assessment sites operated by multiple companies. The maintenance and sheet metal business provides services such as the maintenance of sold cars and car inspections. Insurance agency business provides agency service of general insurance companies. The car rental business provides vehicle rental services.
GOODSPEED CO.,LTD. 
