SYT - SYLA Technologies Became the Largest Shareholder of RIBERESUTE by Acquiring 20.39% of its Shares | Benzinga
TOKYO, Jan. 12, 2024 (GLOBE NEWSWIRE) -- SYLA Technologies Co., Ltd. (NASDAQ:SYT) ("SYLA" or "the Company"), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, completed the acquisition of common shares (the "Share Acquisition") of RIBERESUTE CORPORATION (TSE: 8887) ("RIBERESUTE") which the Company had previously announced on November 15, 2023.
Completion of the Share Acquisition
On January 12, 2024, pursuant to the agreement entered into by SYLA and RIBERESUTE on November 15, 2023, SYLA concluded the acquisition of 2,158,800 shares of RIBERESUTE common stock from RIBERESUTE 's largest shareholder and other shareholders. As the result of the Share Acquisition, the Company's ownership interest in RIBERESUTE became 20.39% (rounded to two decimal places) of the total number of outstanding shares as of the end of May 2023 (10,589,800 shares), positioning SYLA as the largest shareholder in RIBERESUTE.
About SYLA Technologies Co., Ltd.
Headquartered in Tokyo, Japan, SYLA Technologies Co., Ltd. (NASDAQ:SYT) ("SYLA" or "the Company") owns and operates the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, which targets individuals, corporate and ...