MBK Co.,Ltd. agreed to acquire an additional 35.1% stake in Baltic FinTech Holdings Co., Ltd. for ¥35.1 million.
October 26, 2020
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MBK Co.,Ltd. (TSE:3121) agreed to acquire an additional 35.1% stake in Baltic FinTech Holdings Co., Ltd. for ¥35.1 million on October 26, 2020. As a part of the acquisition, MBK will acquire 702 shares. Prior to the transaction, MBK holds 298 shares representing 14.9% stake and after the closing of the transaction MBK will hold 1,000 shares representing 50% stake. For financial year ended in March 2020, Baltic FinTech Holdings reported net assets of ¥98 million, total assets of ¥98 million, net income of ¥1 million and operation income as Nil. The transaction was resolved by the board of MBK on October 26, 2020. The share acquisition date is scheduled for October 31, 2020.
MBK Co.,Ltd. is a Japan-based company mainly engaged in the merchant banking business and operations businesses. The Company operates through two business segments. Merchant Banking segment is involved in the investment business for domestic and foreign companies and real estate. Operation segment is involved in the operation and management of lodging facilities, dining facilities and bowling alleys, as well as the provision of hospital meals.