SALA Corporation <2734> announced on the 20th that it had completed a public tender offer for common stock and subscription rights of Yasunari Construction <1439> on the 19th, with plans to make it a subsidiary effective on the 26th.
The company acquired 1,599,901 shares of common stock (ownership percentage of voting rights 88.82%) of Yasunari Construction for 3.439 billion yen (2,150 yen per share). The subscription rights are priced at 1 yen each. Nomura Securities, a subsidiary of Nomura Holdings <8604>, will begin the settlement of the purchase on the 26th. The purchase will be made in cash.
Shares of Yasunari Construction will be delisted following the procedures prescribed by the Tokyo Stock Exchange and the Nagoya Stock Exchange's delisting standards.
