Marui Orimono Co., Ltd. offered a proposal to acquire the remaining 44.22% stake in Soko Seiren Co.,Ltd. (TSE:3578) for ¥490 million on August 8, 2022. Marui Orimono Co., Ltd. will purchase 1.13 million shares at ¥430 each. The tender offer will commence on August 9, 2022 and is scheduled to close on September 21, 2022. If the minimum threshhold has been reached in the tender offer, Marui Orimono Co., Ltd. has the right to acquire the remaining stake through a squeeze out merger. The board members of Soko Seiren Co.,Ltd. recommended the shareholders to take the tender offer.

Marui Orimono Co., Ltd. completed the acquisition of an additional 24.852134% stake in Soko Seiren Co.,Ltd. (TSE:3578) for ¥270 million on September 21, 2022.