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Samty Residential Investment Corp. ( (JP:3459) ) has provided an update.
Samty Residential Investment Corporation announced that its parent company, Samty Holdings Co., Ltd., is undergoing a share consolidation following a tender offer acquisition by Song Bidco G.K. This move, approved at an extraordinary general meeting, will result in Samty Holdings becoming a private entity with its shares delisted from the Tokyo Stock Exchange by January 30, 2025. As part of future plans, an absorption-type merger is anticipated, where Samty Holdings will be absorbed, changing its parent company. Despite these changes, Samty Co., Ltd. will maintain its position as a wholly owned subsidiary and main sponsor, with intentions to expand asset size and enhance unitholder value.
More about Samty Residential Investment Corp.
Samty Residential Investment Corporation operates in the real estate investment trust (REIT) sector and is engaged in managing residential properties. The company entrusts its asset management to Samty Asset Management Co., Ltd., which is a subsidiary of Samty Holdings Co., Ltd., a key player in the real estate market.
YTD Price Performance: 2.90%
Average Trading Volume: 1,397
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen80.84B
See more data about 3459 stock on TipRanks’ Stock Analysis page.
