Marcian Holdings GK entered into an agreement to acquire 33.44% stake in Nihon Housing Co.,Ltd. (TSE:4781) from Relo Group, Inc. (TSE:8876) for ¥33.2 billion on May 9, 2024. After the consummation of the Tender Offer, Nihon Housing will cease to be an equity-method subsidiary of Relo Group. In the course of the consideration of the Tender Offer up to the present time, the procedures and responses are expected to take a certain period of time to get permits and approvals under the competition law of Vietnam and Ukraine.

As of today, the Tender Offeror aims to commence the Tender Offer by around late May 2024.