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And Doホールディングス---第一生命HDと資本業務提携

And Do Holdings - Capital and business partnership with Dai-ichi Life HD.

Fisco Japan ·  Dec 20 13:52

And Do Holdings <3457> announced on the 18th that it has signed a capital and business alliance agreement with Dai-ichi Life HD <8750>, and has resolved to dispose of its treasury stock and execute a third-party allotment of new stock, designating the company as the target for disposal and allocation.

Additionally, as part of this capital and business alliance, a stock transfer agreement has been signed between major shareholder Masahiro Ando and Dai-ichi Life HD, and it is scheduled that the shares of the company owned by him will be transferred to Dai-ichi Life HD on January 10, 2025. This stock transfer will constitute a sale of the company's shares, and it is anticipated that the major shareholders and other related companies will change as a result of this sale and third-party allotment.

Dai-ichi Life HD is scheduled to acquire 2,078,600 shares (10.44% of the total issued shares, rounded to the third decimal place) of common stock of the company on January 10, 2025. Furthermore, And Do Holdings plans to allocate 1,053,000 shares (5.29% of the total issued shares after allocation, rounded to the third decimal place) of common stock to Dai-ichi Life HD from January 14, 2025, to September 30, 2025, through a third-party allotment resulting from the disposal of treasury stock.

The two companies will promote initiatives aimed at achieving a favorable living environment and the dissemination and development of financial services utilizing real estate through collaboration in areas such as reverse mortgage guarantees, house leasebacks, and real estate sales. They will also promote collaboration in the fields of real estate, finance, and lifestyle-related services among their group companies.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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