NEXT FUNDS FTSE Bursa Malaysia KLCI Exchange Traded Fund [156A.T]
TOKYO, Mar 27 (Pulse News Wire) – NEXT FUNDS FTSE Bursa Malaysia KLCI Exchange Traded Fund (156A.T) announced that its CEO Tsao Aoki and CFO Kazuki Yoshida agreed to purchase shares from funds managed by AdvantEdge Partners outside the market on March 27. The transaction involves acquiring 280,889 shares from Strategic PR Investment, 10X Investment Ltd., and Retweet and Share Ltd.
At a price of ¥851 per share, based on the closing price on the previous trading day. As a result of this transaction, 10X Investment Ltd. will no longer qualify as a major shareholder. The company's board approved a loan to finance the acquisition, subject to certain asset protection measures including collateral requirements and mandatory repayment conditions.
The actual share transfer is contingent upon the completion of security account setup procedures. Prior to the transaction, 10X Investment Ltd. held 1,007,084 shares, representing 9.164% of total outstanding voting rights. Post-transaction, their holdings will decrease to 916,471 shares, reducing their stake to 9.164%.
The transaction is expected to have minimal impact on the company’s operations and financial status.
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