Samty Co., Ltd. (TSE:3244) entered into an capital and business alliance agreement to acquire 32.02% stake in Wealth Management, Inc. (TSE:3772) from Aquamarine LLC for ¥3.9 billion on May 25, 2021. As per terms of transaction, Samty Co., Ltd. will acquire 2.7 million shares of Wealth Management, Inc. Keystone Partners Co., Ltd., which will hold the issued shares of WMI. With the acquisition of the shares, WMI will become an equity-method affiliate of the Samty Co., Ltd. Transaction is expected to complete on July 30, 2021.
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- Samty Co., Ltd. entered into an capital and business alliance agreement to acquire 32.02% stake in Wealth Management, Inc. from Aquamarine LLC for ¥3.9 billion.