J Trust Co., Ltd. (TSE:8508) intends to acquire Mirainovate Co., Ltd. (TSE:3528) on October 12, 2022. J Trust Co., Ltd. (TSE:8508) entered into a merger agreement to acquire Mirainovate Co., Ltd. (TSE:3528) from the group of shareholders Ñ13.2 billion on November 14, 2022. As per the terms, For every Mirainovate share 0.42 share of J Trust will be issued.

J Trust will issue 20,702,934 shares for the merger. Upon completion Mirainovate will be absorbed company and J trust will be the surviving entity. Transaction is expected to close on February 1, 2023.

Special committee consist of Toshiya Natori, Akihiro Tozawa, Naoki Ouchi will ensure the fairness for minority shareholders. TMI Associates acted as a legal advisor, Plutus Consulting Co., Ltd. provided the fairness opinion to Mirainovate. Uryu & Itoga acted as a legal advisor, U&I Advisory Service Co., Ltd. provided the fairness opinion to J Trust Co., Ltd. (TSE:8508).