SDS HOLDINGS Co.,Ltd. [1711.T]
TOKYO, May 13 (Pulse News Wire) – SDS Holdings CO.,LTD. (1711.T) announced today that its board of directors resolved to acquire additional shares of HARUMI Trust, making it a wholly-owned subsidiary.
The acquisition involves purchasing 650 ordinary shares valued at ¥6.5 million per share, increasing SDS Holdings' total stake to 1,000 shares. The move aligns with SDS Holdings’ strategy to enhance its growth through mergers and acquisitions (M&A). The company plans to utilize funds raised from recent rights issues to invest in cryptocurrencies, minority stakes, and equity investments via M&A. These initiatives aim to diversify the group's portfolio and create new revenue opportunities, contributing significantly to future expansion and profitability.
SDS Holdings emphasized that the transaction was carefully reviewed by an independent Compliance Committee chaired by an external auditor and legal expert to ensure fairness and transparency. The committee confirmed the deal’s legitimacy despite its classification as a related party transaction due to involvement of Yoshihide Yoshino, the company’s chairman. HARUMI Trust, headquartered in Tokyo, Minato Ku, operates across various sectors including renewable energy projects, real estate transactions, investment advisory services, and blockchain-related businesses. With capital reserves of ¥5 million and ¥5 million, the company reported negative operating profits in the last three fiscal years but remains integral to SDS Holdings' strategic vision.
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