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Other Disclosures3494Mullion Co.,Ltd.Real estate

Notice Regarding Preparations for Applying to Handle Security Tokens (STs) in Type II Financial Instruments Business

The Company has decided to begin preparations to apply for a change to its registration as a Type II Financial Instruments Business Operator so that it can solicit offerings of real estate-backed security tokens (STs) itself. It also plans to file a notification of specified solicitation business under the Act on Specified Joint Real Estate Ventures.

Worth reading
47Recurring
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Direction
Improvement
Direction inferred from the company’s description.
Scale
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Wording
Avoiding a definitive answer
How definitive the wording is.

Announced details

Security tokens (STs)Real estate ST products under the Act on Specified Joint Real Estate Ventures
Applicable field (uses covered by this announcement)

Real estate securitization and specified joint real estate ventures

Relationship between the counterparty and the company
Mullion Co.,Ltd.3494
Relationship with the Company

The Company is considering entrusting the handling of offerings or underwriting to a securities company, but the specific partner has not been disclosed.

Registration number and expiry date

Preparations are under way for an application to change the Company's registration as a Type II Financial Instruments Business Operator and for a notification of specified solicitation business under the Act on Specified Joint Real Estate Ventures. Existing permit numbers are Tokyo Metropolitan Governor No. 57 and Commissioner of the Financial Services Agency and Minister of Land, Infrastructure, Transport and Tourism No. 100.

Impact on Business Performance

The Company believes this will contribute to enhancing corporate value over the medium to long term, but the specific impact on financial results has not been disclosed.

The company does not address Contract Value / Offering price.

Announced details
ItemDetails
Names of Products / Services CoveredSecurity tokens (STs), Real estate ST products under the Act on Specified Joint Real Estate Ventures
Relationship with the CompanyThe Company is considering entrusting the handling of offerings or underwriting to a securities company, but the specific partner has not been disclosed.
Applicable areaReal estate securitization and specified joint real estate ventures
Registration number and expiry datePreparations are under way for an application to change the Company's registration as a Type II Financial Instruments Business Operator and for a notification of specified solicitation business under the Act on Specified Joint Real Estate Ventures. Existing permit numbers are Tokyo Metropolitan Governor No. 57 and Commissioner of the Financial Services Agency and Minister of Land, Infrastructure, Transport and Tourism No. 100.
Impact on Business PerformanceThe Company believes this will contribute to enhancing corporate value over the medium to long term, but the specific impact on financial results has not been disclosed.
Items this document does not state (13)
CounterpartyCounterparty overviewContract ValueOffering priceContract DateLaunch dateAward/certification nameAwarding / certifying bodyLocationLocation scaleQuantitative EffectsUsage historySource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To expand the options for selling real estate ST products in the future and advance the structuring and sale of the Company's own real estate ST products. The Company believes this could contribute to rebuilding its earnings base over the medium to long term and enhancing corporate value.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Preparations for Applying to Handle Security Tokens (STs) in Type II Financial Instruments Business | Mullion Co.,Ltd. (3494) timely disclosure | Komori