Truth, Y.K. made an offer to acquire the remaining 63.66% stake in Being Co., Ltd. (JASDAQ:4734) for ¥4.5 billion on February 8, 2021. Under the terms, Truth will acquire 4.99 million shares and a minimum number of 2.4 million shares at a price of ¥900 per share. Being Co., Ltd. will be delisted as a result. Being Co., Ltd.resolved to establish this special committee composed of Hiroshi Naka (outside director of Being), Masaru Oya (outside director of Being), and Masato Ogiso (outside expert, certified accountant) who has abundant experience and specialized knowledge in stock price calculation independent of Truth and Being. The tender offer will run from February 9, 2021 to March 24, 2021. SMBC Nikko Securities Inc. acted as financial advisor and Mori and Hamada Matsumoto LPC acted as legal advisor for Being. Uruma Law Offices acted as legal advisor for Being. Tokiwa United Partners LLP acted as financial advisor for Truth. Okasan Securities Co., Ltd. acted as Tender Offer Agent in the transaction.

Truth, Y.K. made an completed the acquisition of remaining 63.66% stake in Being Co., Ltd. (JASDAQ:4734) on March 24, 2021. Target will be delisted after the prescribed procedure.