Urbanet Corporation Co.,Ltd. completed the acquisition of K-Nine Co., Ltd. from K-Fourteen Co., Ltd.
February 28, 2024
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Urbanet Corporation Co.,Ltd. (TSE:3242) agreed to acquire K-Nine Co., Ltd. from K-Fourteen Co., Ltd. on December 22, 2023. As part of acquisition, 144 shares will be acquired. The transaction is expected to complete on February 29, 2024.
Urbanet Corporation Co.,Ltd. (TSE:3242) completed the acquisition of K-Nine Co., Ltd. from K-Fourteen Co., Ltd. on February 29, 2024.
Urbanet Corporation Co Ltd is a Japan-based company mainly engaged in the real estate business and hotel business. The Company operates its business through two business segments. The Real Estate segment is engaged in businesses related to real estate development and sales, real estate purchase and sales, real estate brokerage, real estate rental business and others. In principle, the development area focuses on Tokyo's 23 wards, where real estate prices are relatively stable, and within a 10-minute walk from stations. The customers for the investment studio apartments, which are the core of the business, are mainly wholesalers to studio sales companies, as well as general corporations, domestic and foreign investors, and high-net-worth individuals in Japan who are looking to prepare for inheritance tax. The Hotel segment is engaged in businesses related to hotel management, among others.