大和自動車 announced a capital and business alliance with Daiwa House Industry and will conduct a third-party allotment capital increase. The issue price is ¥2,040, and Daiwa House Industry will become the largest shareholder by holding 9.76% of the outstanding shares.
大和自動車 is currently at its daily price limit with buy orders queued, following the disclosure of its capital and business alliance with Daiwa House Industry. The alliance aims to make effective use of its real estate assets, enhance the value of existing assets, and consider redevelopment and higher-value uses in the future by leveraging Daiwa House Industry's real estate development capabilities and expertise in asset utilization.
Through the third-party allotment capital increase, Daiwa House Industry will become the largest shareholder, holding 9.76% of the outstanding shares. The issue price is reported to be ¥2,040.
The alliance primarily aims to make more effective use of the real estate assets and enhance their value, thereby pursuing higher-value utilization of the assets. Consideration of future redevelopment and other uses is expected to move forward.