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DAIYOSHI TRUST CO Ltd Announces Outcome of Takeover Bid Launched by Daiwa House Industry Co Ltd

Tuesday, 4 Jun 2013 03:00am EDT 

DAIYOSHI TRUST CO Ltd announced that Daiwa House Industry Co Ltd has acquired 2,542,300 shares of DAIYOSHI TRUST CO Ltd. at the price of JPY 1,066 per share, during the period from April 17, 2013 to June 3, 2013. The payment will be conducted on June 7, 2013. As a result, Daiwa House Industry Co Ltd will become the top shareholder of DAIYOSHI TRUST CO Ltd, holding 94.09% voting rights, up from 0%. The former top shareholder, an individual, will no longer hold any voting right of DAIYOSHI TRUST CO Ltd, down from 61.03%.