Kufu Company Inc. (TSE:4399) made an offer to acquire 54.01% stake in HyAS&Co. Inc. (TSE:6192) for ¥1.7 billion on April 14, 2021. Under the terms of tender offer, Kufu Company will acquire 12.6 million shares at ¥138 per share. The minimum amount to be purchased under the offer will be 5.7 million shares. Kufu will maintain the listing of HyAS&Co. on exchanges. Kufu will also acquire 13.8 million shares in HyAS&Co. Inc as a part of capital increase. The acceptance period will start on April 15, 2021 and will end on May 18, 2021. The settlement is expected to take place on May 25, 2021. As of May 14, 2021, the acceptance period will end on May 28, 2021. The settlement is expected to take place on June 4, 2021. Mori Hamada & Matsumoto LPC acted as legal advisor for HyAS&Co and Tokyo Financial Advisers Co., Ltd acted as financial advisor for Kufu. Kufu Company Inc. (TSE:4399) completed the acquisition of 15.49% stake in HyAS&Co. Inc. (TSE:6192) for approximately ¥790 million on May 28, 2021. In addition, to the tender offer as a result of the Tender Offer and the capital increase through third-party allotment, resolved by the HyAS&Co. at the HyAS&Co.'s Board of Directors held on April 14, 2021. The capital increase of 19.49 million shares representing 37.07% stake is pending and is expected to be completed by June 4, 2021. Post closing of both the transactions, Kufu Company will hold 52.56% stake in HyAS&Co.