BuySell Technologies Co., Ltd. (JP:7685) has released an update.
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BuySell Technologies Co., Ltd. has announced its decision to acquire REXT HOLDINGS CO., LTD. and make it a wholly owned subsidiary, with plans to consolidate their reuse business operations to strengthen their market position. The acquisition aims to capitalize on Japan’s ‘hidden assets’ and is set to complete by October 2024, pending regulatory approval. No new shares will be issued for the transaction, which involves a share acquisition followed by a share exchange using BuySell’s treasury stock.
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