Mitsui Fudosan Logistics Park, Inc. (JP:3471) has released an update.
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Mitsui Fudosan Logistics Park Inc. has announced a proposed merger with Advance Logistics Investment Corporation, set for approval at the upcoming 6th General Meeting of Unitholders on September 30, 2024. Key details include a four-to-one investment unit split post-merger to accommodate all ADL’s unitholders, and amendments to the Articles of Incorporation to adjust for the merger’s impact on financial statements and management fees. The merger aims to diversify investment targets and lender sources, with associated corporate adjustments detailed in the attached ‘Notice of Convocation of the 6th General Meeting of Unitholders.’
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