Acquiring effective control over hotel assets
First written in FY2016-Q2. 1 of 3 entries say "Achieved", first in FY2016-Q3. Latest entry: FY2016.
0 other companies' latest entry also says "Cited as achieved".
- FY2016Cited as achievedAnnual report
「Business combination date 1 July 2016」
The filing records the acquisition date of Prime Height Investment Limited and completion of the transaction to acquire effective control. - FY2016-Q3AchievedAnnual report
「We acquired 50.00% of the shares of Prime Height Investment Limited and made it a subsidiary, while also acquiring the hotel assets—real estate trust beneficiary rights—in which Prime Height Investment Limited had made a silent partnership investment」
The share acquisition was completed on 1 July 2016, resulting in a 50.0% voting interest and subsidiary status, together with the acquisition of the hotel assets. The purchase consideration was ¥2.45 billion. - FY2016-Q2First statedAnnual report
「The Company will acquire 50.00% of the shares of Prime Height Investment Limited, which is funded by Honey Capital Fund 2008 L.P., a co-investor in the special-purpose company holding the hotel assets, thereby making it a subsidiary, and will also acquire the hotel assets—real estate trust beneficial interests—in which Prime Height Investment Limited has made a silent partnership investment.」
The Company resolved on 15 July 2016 to acquire a 50.00% equity interest, make Prime Height Investment Limited a subsidiary and acquire the hotel assets. The share transfer was scheduled for around 20 August 2016.