Tokyo Gas and SHIFT announced that they had reached a basic agreement to establish a joint investment fund with total capital of ¥15 billion. Specific details are still under discussion, and the terms of the investment are expected to be finalized going forward.
Tokyo Gas and SHIFT reached a basic agreement aimed at establishing a joint investment fund with total capital of approximately ¥15 billion.
The companies said the move is intended to advance a new capital partnership through the establishment of the fund.
The specific investment ratios, investment policy and timing of the fund’s establishment are expected to be finalized going forward, with formal decisions pending further developments.