大和自動車 announced a capital and business alliance with Daiwa House Industry as its shares moved to the limit-up buy indication. Through the third-party allotment capital increase, Daiwa House will become the largest shareholder, holding 9.76% of the issued shares, at an allotment price of ¥2,040.
大和自動車 moved to the limit-up buy indication and announced a capital and business alliance with Daiwa House Industry. The alliance will involve a third-party allotment capital increase, under which Daiwa House will become the largest shareholder with 9.76% of the issued shares. The allotment price is reportedly ¥2,040.
The purpose of the alliance is to leverage Daiwa House Industry's extensive real estate development capabilities and asset utilization expertise to promote the effective utilization of real estate assets held by 大和自動車, improve the value of its existing real estate, and consider future redevelopment and higher-density use.
The market is expected to focus on developments going forward and on the release of additional information.