Hulic Co (JP:3003) has released an update.
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Hulic Co., Ltd. has announced its intentions to acquire all shares of Raysum Co., Ltd. through a tender offer, aiming to make Raysum a wholly-owned subsidiary. The tender offer includes a minimum purchase condition and plans for a potential private transition if the acquisition is incomplete. This strategic move aligns with Hulic’s medium-term management plan, which focuses on diversifying revenue sources and enhancing sustainable management in response to uncertain economic conditions.
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