London-listed Bowen Fintech has agreed to acquire a majority stake in Minnadeooyasan-Hanbai Co Ltd (MOH), a Japanese firm specializing in real estate crowdfunding services, according to reports.
The acquisition involves Bowen Fintech purchasing 93.5% of MOH’s shares for £34.5 million. This transaction will be entirely facilitated through the issuance of new Bowen shares, each priced at 15 pence.
Before the suspension of trading of Bowen’s stock, its shares were trading at 12.85p.
This strategic move is classified as a reverse takeover, necessitating the suspension of shares from trading since Friday’s market opening, pending the readmission of the enlarged company.
Upon completion of the acquisition, Bowen anticipates a market capitalization of approximately £42.7 million.
The deal will result in Kyosei Bank Co Ltd, currently the majority owner of MOH, holding a commanding 80.7% stake in the combined entity, while existing Bowen shareholders will retain a 19.3% interest.
Tokyo-based MOH has carved a niche in connecting investors with lucrative real estate investment opportunities. In the financial year ending March 31, MOH successfully facilitated capital raisings amounting to ¥62 billion.
During the same period, the company recorded an EBITDA of ¥519 million on a revenue of ¥5.6 billion.
Bowen detailed MOH’s ambitious expansion plans, which include funding for innovative real estate projects like advanced cold-chain logistics facilities, state-of-the-art medical centers, and the revitalization of traditional cultural parks.
MOH is also eyeing the development of sophisticated cold-chain logistics infrastructure in Japan, with aspirations to replicate this model in ASEAN countries and beyond as part of its long-term growth strategy.
