BuySell Technologies Co., Ltd. (JP:7685) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
For further insights into JP:7685 stock, check out TipRanks’ Stock Analysis page.