151 views
Photo by Ketut Subiyanto via Pexels.

Hulic set to acquire Raysum in $9.5m tender offer

It aims to acquire over 100 properties to enhance its leasing portfolio.

Hulic Co. Ltd. is set to acquire Raysum, a builder firm managed by Oasis Management, at a total cost of $9.5m (JPY 173.5b) via tender offering.

The Japanese real estate giant will purchase around 36.12% of outstanding Raysum shares Oasis does not already own at $325 (JPY 5,913) apiece. Hulic also plans to buy out Oasis in a separate transaction if the deal is accepted.

Hulic highlighted its existing business relationship with Raysum and praised the firm's value-add expertise, strong decision-making, and robust earnings capabilities. Under Hulic's medium- and long-term management plans, the company intends to acquire and reconstruct over 100 properties to enhance its leasing portfolio.

The acquisition is expected to introduce a new real estate business model and significantly boost Hulic's consolidated profit amidst economic uncertainties.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!